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DreamWorks chief sued over Comcast sale
2016-06-28 23:16:04| BBC News | Business | UK Edition
The chief executive of DreamWorks Animation, Jeffrey Katzenberg, faces a lawsuit from minority investors over the sale to Comcast.
Comcast to buy Dreamworks for $3.8bn
2016-04-28 15:38:41| BBC News | Business | UK Edition
Comcast's NBCUniversal subsidiary announces it has agreed to buy DreamWorks Animation for $3.8bn
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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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DreamWorks shares soar on bid reports
2016-04-27 17:01:16| BBC News | Business | UK Edition
DreamWorks Animation's shares surge almost 18% on reports that US cable giant Comcast is in talks to buy the Hollywood studio for $3bn (2.1bn).
Comcast to buy DreamWorks for over USD 3 billion - report
2016-04-27 08:27:00| Telecompaper Headlines
(Telecompaper) Comcast is in talks to buy DreamWorks Animation SKG for more than USD 3 billion, people familiar with the matter told the Wall Street Journal. The takeover will help its unit Uhiversal Pictures expand further in the lucrative animation and family entertainment market. DreamWorks is the maker of "Shrek," "Kung Fu Panda," and "Madagascar" movies, among others. Comcast would pay a substantial premium over DreamWorks' current USD 2.3 billion market value. DreamWorks has been seeking a buyer for several years. In 2014, it held talks with SoftBank and toy maker Hasbro. More recently it has held discussions with potential buyers in China, said people close to the company.