The Walt Disney Co. board of directors has given CEO Robert Iger the go-ahead to make an offer to buy Pixar Animation Studios, and an official announcement is expected as early as today (Tuesday), Reuters reported today, citing a source familiar with the matter. The wire service also reported that the board is expected to officially consider the final deal later today. Last week, the Wall Street Journal reported that an all-stock transaction was in the works.
Take a look back at October's inaugural event.
The film is expected to continue without Mendes' involvement.