NBCUniversal completes acquisition of DreamWorks Animation

NBCUniversal has revealed that it has completed the acquisition of DreamWorks Animation SKG, Inc, in a deal worth around $3.8 billion.

The studio will now become a part of the Universal Filmed Entertainment Group, which comprises Universal Pictures, Fandango and NBCUniversal Brand Development.

DreamWorks will be receiving $41 in cash for each share of the company’s common stock, and post-closing, DreamWorks shares will no longer be listed on NBCUniversal, which is a division of Comcast Corporation.

Plus, on September 21st 2016, DreamWorks will redeem all $300 million aggregate principal amount outstanding of its 6.875 per cent Senior Notes that is due on August 15th 2020, at a redemption price of 105.156 per cent.

About Robert Hutchins

Robert Hutchins is the editor of Licensing.biz and ToyNews. Hutchins has worked his way up from Staff Writer to the position of Editor across the two titles, having spent some six years with both ToyNews and Licensing.biz, and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobHutchins3 if ranting is your thing...

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