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Softbank Reportedly Offers $32.00/Share for Dreamworks Animation

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SoftBank Corp. (OTC: SFTBY) is in talks to acquire DreamWorks Animation SKG Inc. (NASDAQ: DWA), according to The Hollywood Reporter and reported later by WSJ on Saturday.

SoftBank reportedly has offered $32 per share, for the company headed by CEO Jeffrey Katzenberg, according to sources, valuing DWA at $3.4 billion. Spokespersons for both companies declined comment.

DreamWorks Animation closed at $22.36 on Friday, a gain of $0.13.

Posted-In: The Hollywood ReporterM&A News Rumors

 

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