Showing posts with label Comcast in Talks to Buy DreamWorks Animation for $3 Billion-Plus. Show all posts
Showing posts with label Comcast in Talks to Buy DreamWorks Animation for $3 Billion-Plus. Show all posts

Wednesday, April 27, 2016


By Hollywood Reporter, April 26, 2016 

Jeffrey Katzenberg might have finally found a buyer for his DreamWorks Animation.

The Glendale animation company is in talks with Comcast to be sold for more than $3 billion, sources confirm to The Hollywood Reporter.

The potential acquisition would fold DWA into an entertainment conglomerate that controls key properties such as NBC, Telemundo, the USA network and Universal Studios. It also would be a strong fit for DWA, which has 19 animated television shows in production alongside blockbuster film franchises like Kung Fu Panda and Shrek.

The move would provide Katzenberg, CEO of the animation company, with a strong buyer after years of searching. In November, he held advanced talks with toymaker Hasbro about a possible tie-up after months earlier holding a round of discussions with Japanese telecommunications giant SoftBank. The mogul also has courted everyone from 20th Century Fox to various Chinese companies.


Read More: http://www.hollywoodreporter.com

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