Comcast acquires DreamWork
Cited as one of the most iconic acquisitions in the animation industry for the year 2016, NBC Universal Division of Comcast Limited, acquired Dreamworks Animation for $3.8 billion. While the deal is still awaiting the regulatory approval and is expected to be complete by the end of 2016, as per the released public statement by both the companies, the entire consideration will be paid through cash and each shareholder of DreamWorks will receive $41 per share, accounting for a 27% premium to the closing price for the stock, the day before the acquisition was confirmed. The acquisition announcement was ...
