Reportedly DreamWorks Animation has a Buyer Offering More Than $3 Billion
CEO of DreamWorks Animation, Jeffrey Katzenberg finally might have found a strong buyer for his company.
Reportedly, the Glendale based animation company is discussing a sales deal with Comcast and the deal is expected to be $3 billion or more.
The deal would be a good fit for DreamWorks that already is already producing nineteen animated television shows along with franchises for blockbuster films such as Kung Fu Panda and Shrek.
Years of searching by Katzenberg may come to an end after he held talks with toymaker Hasbro in November for a likely tie-up and prior to that he discussed matters with SoftBans, the Japanese telecommunications leader. The company has also tried out 20th Century Fox and various other Chinese companies in the past.
The $3 billion offer seems to be quite decent and will bring a premium for shareholders with $2.3 billion investments so far. Whether Katzenberg continue to be the CEO of the company after the deal is still not clear. He has helped to form the company in 1997 under its parent DreamWorks. In 2004, the animation arm was spun off into a separate entity with Katzenbergat leading it.
United Kingdom News
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