Eh, I’ll believe it when I see it. I can’t imagine Iger would ever approve of that considering he was the reason Pixar is under the Disney umbrella in the first place, and why the studios stayed separate after the purchase. If the two merge, he’d basically be admitting defeat at that point and would irreparably damage his own legacy. Doubt he’d want to be known as the Disney CEO that both acquired and dissolved Pixar. More likely he’d just bring new management into the studio and cut their budgets tbh (Would be very ironic if WDAS studio heads are brought in to help revive Pixar considering the reverse happened after the buyout lol).
And that’s not even to mention the distinct work cultures the two studios have and the large backlash they’d face from their own employees from a merge, something that scared the company off from seriously considering a merge in the first place. I mean it’s possible it could under another CEO if the flops keep coming, but with sequels like Inside Out 2 and Toy Story 5 and Incredibles 3 being more likely than not to hit well enough with audiences, I think there’s enough reason to keep the studios separate even considering the Disney+ effect and the recent bombs of Lightyear and Elemental (probably).