You’ve got to hand it to Pixar. They get bought out but seem to end up with the upper hand in the process: Pixar goes to Hollywood | CNET News.com.

Pixar executives are put in charge of Disney’s animation department, Pixar retains its culture (read autonomy), and for good measure Steve Jobs becomes Disney’s largest shareholder and gets a seat on the board.

So, the Pixar folks get to keep on doing what they are doing in an even bigger company and their stock gets a bump when it’s exchanged for Disney stock. Good going.