NBC Buys Dreamworks for 3.8 Billion

Courtesy of JewishBusiness.com

Courtesy of JewishBusiness.com

Dreamworks Animations has recently been bought by NBCUniversal for 3.8 billion dollars on April 28,2016, wrote Huffington Post.

“In the transaction, expected to close by the end of the year, DreamWorks Animation stockholders will receive $41 in cash for each DreamWorks share,” stated wsj.com.

NBCUniversal CEO Steve Burke wrote in a message to employees that the deal was an “incredibly exciting opportunity for our company.”

Comcast plans to lead the deal into NBCUniversal, which includes universal films, fandango, and NBC universal brand development, added usatoday.

Comcast members will be able to stream DreamWorks’s films such as “Shrek,” “How to Train Your Dragon,” and “Kung Fu Panda” which Comcast can use to compete with Disney and its global theme parks, wrote nytimes.com.

“His company’s latest proxy shows that he could collect nearly $21.9 million if he’s terminated or leaves for good reason up to 14 months after DWA changes hands,” reported deadline.com.

Katzenberg has been seeking a buyer for his studio in recent years — a move that would help it remain competitive against bigger studios, such as Disney and Fox, stated usatoday. In the past, SoftBank and Hasbro had expressed interest.