Thursday, October 17, 2019

NO SOFTBANK/DREAMWORKS ANIMATION DEAL?

September 30, 2014 by · Leave a Comment 

That deal in which Japan’s media giant SoftBank was to take over DreamWorks Animation at a reported cost of $3.4 billion has apparently fallen apart. Reports late Monday said that SoftBank had decided to switch its attention to Thomas Tull’s Legendary Pictures. However, the reports indicated that once the deal is completed SoftBank would not hold a majority of shares of the company, although the investment that it did make would be considered significant. On Monday, shares of DreamWorks Animation rose nearly 30 percent following word of a possible acquisition by Softbank. Suggesting that many investors believe that a DWA-Softbank deal could still materialize, it was down only 2.71 percent on the Nasdaq at midday on Tuesday.