Topics

Discovery Communications, Inc.
Wall Street cheers possible Hasbro-DreamWorks Animation deal
Wall Street cheers possible Hasbro-DreamWorks Animation deal

DreamWorks Animation shares surged 14% as Wall Street was quick to embrace a potential sale of the studio to toy giant Hasbro. A deal would combine one of the industry's leading animation studios, known for its “Shrek,” “Kung Fu Panda” and “Madagascar” movies, with a toy maker that has been eager to expand its own presence in Hollywood and create a broader market for toys that include G.I. Joe, Transformers and My Little Pony. Details of the talks emerged late Wednesday, sending the stock to $25.52 at the closing bell in New York a day later. “We do see some opportunities for the two to effectively work together through both consumer...

Loading