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DreamWorks Animation in Sale Talks With Japan's SoftBank


robcat2075

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From the Hollywood Reporter...

Japanese conglomerate SoftBank is in talks to acquire DreamWorks Animation in a deal that would value the company at $3.4 billion, according to a source with knowledge of the situation.

DWA founder and CEO Jeffrey Katzenberg would sign a five-year contract to remain with the company, according to the source, who says the DWA board held an emergency meeting Thursday to consider the offer. SoftBank is said to have offered $32 a share. DWA stock closed at $22 per share on Friday.


I presume there's some sort of signal light they shine on the clouds to call an emergency board meeting.

 

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