SoftBank-Dreamworks Animation Skg Inc Deal: What Social Media Thinks
Shares of Dreamworks Animation Skg Inc (NASDAQ: DWA) rose nearly 30 percent during Monday's premarket trading, and it appears a buyout rumor is responsible.
According to the Wall Street Journal, SoftBank is having discussions with the California-based animation studio.
Dreamworks sports a market capitalization of $1.9 billion, though a purchase price could be $1 billion to $2 billion more. It's also possible both sides agree to a partnership, or SoftBank makes an investment in the company, the Journal reports.
So, what does social media think of this "Merger Monday" rumor?
Some were optimistic:
— Maglan Capital (@MaglanCapital) September 28, 2014
Oh. Buy some Dreamworks stock
— Mike P., BA, MBA (@PrezLife) September 29, 2014
Comcast light (for now)... Japan's SoftBank in Talks to Buy DreamWorks Animation http://t.co/5V6AfirPPx
— Spencer Reiss (@spencerreiss) September 29, 2014
Others had questions:
— Rich Greenfield (@RichBTIG) September 29, 2014
— Tom Leckrone (@SemprePhi) September 29, 2014
And someone was just having fun:
SoftBank buying Dreamworks which means a lot of Godzilla movies coming.
— howardlindzon (@howardlindzon) September 28, 2014
Disclosure: At the time of this writing, the author had no position in the equities mentioned in this report.
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