London’s Telegraph is reporting it as official - Disney now owns Pixar Studios, making Steve Jobs the largest single stockholder of Disney. It’ll be interesting to see what sort of pull that discinction brings, although I’ll be surprised if Jobs doesn’t maintain some sort of control of Pixar in some fashion or another.

The board of Pixar Animation Studios, the digital animations company, is set to meet tomorrow to approve the company’s $7bn (£3.9bn) takeover by Disney.

The all-share deal will make Steve Jobs, the chief executive of Apple, around $3.5bn and the single largest shareholder in Disney. Jobs created Pixar in 1986 when he paid $10m for the computer animations division of Lucasfilm, owned by Stars Wars creator George Lucas.

Disney has struggled to compete with its rival’s cutting-edge computer animated films, which have become increasingly sophisticated over the past few years.

NOTE: OK, it still hasn’t officially gone through - the Telegraph jumped the gun a bit - but things are apparently looking good. Pixar’ll most defintiely approve the buyout, so it’s all in the Disney board’s hands now.

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