Comcast buys DreamWorks for $ 3.8 billion

Comcast buys DreamWorks Animation to $ 41 per share in a deal a total value of $ 3.8 billion (3.35 billion euro at current exchange rates). This was stated by NBCUniversal, which is owned by Comcast, in a statement.

The transaction, which will bring the change of ownership for the company co-founded by Steven Spielberg, is expected to close later this year. For Comcast, the largest cable television provider in the United States and the control of NBC networks, the expectation is to get stronger in the film industry and to gain market share in China, where the film industry is growing rapidly.

Both the Board of Directors have given the green light to the transaction, which is expected to close at the end of 2016 more and it gets the go-ahead from the antitrust authorities. The managing director and co-founder of DreamWorks Animation, Jeffrey Katzenberg, DreamWorks will become president of New Media and will NBCUniversal consultant. The parties have forecast a break-up fee of $ 200 million in the event that the agreement jumps for competitive reasons.