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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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Hanesbrands to buy Australia's Pacific Brands for $800m
2016-04-28 12:29:00| Daily apparel & textile news and comment - from just-style.com
Hanesbrands, one of the world's largest underwear and activewear apparel manufacturers, has acquired Australia's leading underwear and intimates firm Pacific Brands in an US$800m deal.
CITIC Telecom bulks up in Europe, Central Asia with Linx buy
2016-04-28 02:00:00| Total Telecom industry news
Acquisition gives Chinese enterprise services provider 470-km Baltic network.
SFR to buy 49% of NextRadioTV for EUR 370 mln
2016-04-27 11:07:00| Telecompaper Headlines
(Telecompaper) French mobile and broadband operator Numericable-SFR has announced plans to buy parent company Altice's 49 percent stake in media company NextRadioTV in an operation valuing NextRadioTV at UDS 741 million. The move approved by SFR's board is a key part of SFR's ambition to become a cross-media publisher with a very diversified portfolio of premium brands, accelerating its deployment of "globally convergent telecom-media/content and advertising." Separately, AFP writes that SFR will launch five pay sports channels produced by NextRadioTV.
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.
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