I asked this question already on math.stackexchangeasked this question already on math.stackexchange, but maybe it is also useful to ask this here, since it was not answered there.
Suppose we have three directed sequences of $C^*$-algebras, say $(A_n,\varphi_n)$,$(B_n,\psi_n)$ and $(C_n,\theta_n)$ and $*$-homomorphisms $\alpha_n:A_n\rightarrow C_n$ and $\beta_n:B_n\rightarrow C_n$, then we can take the pullback $A_n\times_{C_n}B_n$ for all $n\in\mathbb{N}$ and can also take the direct limit, thus $\lim_{n\rightarrow\infty}{A_n\times_{C_n}B_n}$. My question is: Does the following hold: $$\lim_{\rightarrow}{A_n\times_{C_n}B_n}=\lim_{\rightarrow}{A_n}\times_{\lim_{\rightarrow}{C_n}}\lim_{\rightarrow}{B_n}$$ or in other words: do direct limits preserve pullbacks? From my point of view this does not hold in general but I can not find a good argument. Someone an idea? Thank you very much.