Marc Andreessen said Disney had to buy Pixar, a software company, to remain relevant in animated movies.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judged as of 2011-08-20. True: Disney acquired Pixar (the deal was announced January 2006 and completed May 2006, in stock worth about $7.4 billion). Mostly true: Disney acquired Pixar, with only a trivial detail misstated. Mixed and mostly false are not applicable except for a merely partial stake. False: Disney never acquired Pixar.
Set before the research began.
Evidence (4)
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E1 Press release - SEC.gov The Walt Disney Company (filed with the SEC as Exhibit 99.1) · 5 May 2006
“Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE: DIS) announced today that Disney has completed its acquisition of renowned computer animation leader Pixar.”
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E2 Joint Press Release The Walt Disney Company and Pixar (filed with the SEC as Exhibit 99.1) · 24 January 2006
“Burbank, CA and Emeryville, CA (January 24, 2006) – Furthering its strategy of delivering outstanding creative content, Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company (NYSE: DIS), announced today that Disney has agreed to acquire computer animation leader Pixar (NASDAQ: PIXR) in an all-stock transaction, expected to be completed by this summer.”
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E3 Joint Press Release The Walt Disney Company and Pixar (filed with the SEC as Exhibit 99.1) · 24 January 2006
“Based on Pixar’s fully diluted shares outstanding, the transaction value is $7.4 billion ($6.3 billion net of Pixar’s cash of just over $1 billion).*”
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E4 Form 8-K Pixar (U.S. Securities and Exchange Commission filing) · 26 January 2006
“On January 24, 2006, Pixar, a California corporation (“Pixar”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with The Walt Disney Company, a Delaware corporation (“Disney”), and Lux Acquisition Corp., a California corporation and a direct wholly-owned subsidiary of Disney (“Merger Sub”), by which Disney has agreed to acquire Pixar”
Reasoning
A joint press release filed with the SEC on January 24, 2006 announced that Disney had agreed to acquire Pixar in an all-stock deal [E2]. It gave the transaction value as $7.4 billion [E3]. Pixar's Form 8-K records the merger agreement [E4], and a Disney release filed with the SEC on May 5, 2006 says the acquisition was completed [E1]. These records come before the 2011-08-20 judgment date, so the claim that Disney bought Pixar holds.
Cite this claim
Marc Andreessen, “Marc Andreessen said Disney had to buy Pixar, a software company, to remain relevant in animated movies.” (said 20 August 2011). Verdict: resolved true. Reliability API, claim c_dcaa2cc2ce81, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_dcaa2cc2ce81
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Marc Andreessen
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Mixed
“And these people are completely giving up the entire moral foundation of the system that’s been built for them, which by the way, is paid for virtually 100% by taxpayer money.”
The system that has been built for these people is paid for virtually 100% by taxpayer money.
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Mostly true
“I mean, look, we’re adding a trillion dollars to the national debt every 100 days right now, and it’s now passing the size of the Defense Department budget and it’s compounding”
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Mixed
“Technological innovation in a market system is inherently philanthropic, by a 50:1 ratio.”
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Mostly false
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Mostly true
“We believe markets lift people out of poverty – in fact, markets are by far the most effective way to lift vast numbers of people out of poverty, and always have been.”
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