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NBCUniversal to buy DreamWorks Animation for USD 3.8 bln

2016-04-28 15:25:00| Telecompaper Headlines

(Telecompaper) Comcast announced an agreement to acquire the film studio DreamWorks Animation for USD 3.8 billion. The deal will strengthen its Universal Pictures division with a range of especially family entertainment, which can also be distributed across its other media, broadband and theme park properties. DreamWorks Animation stockholders will receive USD 41 in cash per share in the takeover expected to close by the end of 2016, pending regulatory approval. Following the completion of the transaction, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become Chairman of DreamWorks New Media, a new unit grouping Comcast's stakes in Awesomeness TV and NOVA. Katzenberg will also serve as a consultant to NBCUniversal. 

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