Last Thursday Comcast confirmed it would acquire DreamWorks Animation for $3.8 billion. Comcast anticipates the deal to go into effect by end of year. DreamWorks Animation will become part of Comcast’s NBCUniversal portfolio and current CEO Jeffrey Katzenberg will vacate that role. Katzenberg had been eyeing an opportunity for some time (a 2014 acquisition by Hasbro fell through). Spun off from DreamWorks SKG in 2004, DreamWorks Animation suffered a shaky 2015 with several box office flops and company layoffs.
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