Comcast is acquiring DreamWorks Animation for $3.8 billion, paying $41 a share in the deal.
Of course, as many of you probably know, DreamWorks Animation is behind beloved films like “Shrek” and “Kung-Fu Panda,” and will become a part of Comcast’s NBCUniversal.
“DreamWorks Animation is a great addition to NBCUniversal,” Steve Burke, the CEO of NBCUniversal, noted. “Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property. DreamWorks will help us grow our film, television, theme parks, and consumer products businesses for years to come.”
“Having spent the past two decades working together with our team to build DreamWorks Animation into one of the world’s most beloved brands, I am proud to say that NBCUniversal is the perfect home for our company, a home that will embrace the legacy of our storytelling and grow our businesses to their fullest potential,” Katzenberg added.
At the moment, the deal is expected to be finalized by the end of 2016, which would mark Katzenberg becoming chairman of DreamWorks New Media.