Disney closes $7.4B acquisition of Pixar

NBC Universal to buy iVillage for $600 million

Disney to buy Pixar for $7.4B in stock

CBS and Time Warner to combine UPN and WB networks

Electronic Arts to buy JAMDAT Mobile

News Corp buys IGN Entertainment

Prince Alwaleed has 5.5% stake in News Corp

Electronic Arts takes 67% stake in Swedish game maker

GE company to buy online destination for women

• For $600 million, net

• $8.50 per IVIL share

Advisors

• NBC: Weil Gotshal
• IVIL: JP Morgan / Orrick Herrington

Announced 3.06.06

Closed 5.15.06

Proxy solicitation

Agreements

• Merger agreement

Disney acquires leading computer animation company

• Resolves issues over continued DIS-PIXR collaboration

• Which started with Toy Story in 1991

• $7.4B all stock ($6.3B net of PIXR cash)

• Fixed exchange ratio: 2.3 DIS per PIXR share
• Reverse triangular merger
• PIXR stock chart   DIS stock chart
• DIS to buyback 225 million shares ($5.7B)

• Deal was heavily reported in the days before announcement

• Companies made no comment until deal was finalized

• Disney gave assurances about Pixar independence

• Adopted as management policies

• Steven Jobs will join Disney Board

• Agreed to voting agreement

• Closing is conditioned on key executives remaining

Announced 1.24.06

Closed 5.05.06

Advisors

Proxy solicitation

Agreements

Leading electronic gaming company buys
wireless phone game maker

• $27 per share; $680 million total
• JMDT stock chart   ERTS stock chart
• Electronic Arts has a $16B market cap

Advisors

Announced 12.08.05

Closed 2.16.06

Agreements

SEC_CODE_REF_0090001192884

$554.2 million IPO of a leading music company

• 32.6 milllion shares sold at $17.00
• Cut from filing of 37.5 million at $24.00
• Trading symbol: WMG
• Acquired by buyout group from Time Warner in 2004

• Thomas H. Lee Funds
• Bain Capital Funds
• Music Capital Partners

• Simpson Thacher / Cahill Gordon

Final prospectus 5.10.05

SEC registration

Employment Matters

Breaking the company into two public companies

• Growth company centered on MTV Networks

• Operated by Tom Freston
• High-multiple currency for accretive acquisitions

• Cash generating company centered on CBS and radio

• Operated by Les Moonves
• Cash flow to generate stock buybacks and dividends

• Expected to be completed year-end 2005

• Press release 10.18.05

Announced 3.16.05

• Press release

SEC filings

• Preliminary prospectus 10.05.05

Buyout by consortium, including

• Sony Corporation of America
• Comcast
• Providence Equity Partners
• Texas Pacific Group
• DLJ Merchant Banking Partners

• Private Equity Club Deal

• Summary term sheet

Advisors

Announced 9.13.04

Closed 4.11.05

Letter of intent - $150 million deposit

Proxy solicitation

Agreements

Combined new media company with old

• One of the largest-ever US M&A deals

Announced 1.10.00

• SEC filing

• Includes press release, merger agreement, reciprocal stock option agreements

Deal documents

• Form S-4

Industries