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DreamWorks Animation shares rise almost 30%
DreamWorks Animation shares rise almost 30%

Shares of DreamWorks Animation rose almost 30% on Monday after news of a proposed acquisition by Japanese telecommunications giant SoftBank Corp. SoftBank, which controls Sprint Corp. and recently dropped a bid to acquire T-Mobile, has offered to buy the Glendale-based studio for $32 a share, according to a person familiar with the talks. The offer values DreamWorks at $3.4 billion.  The company's share price on Wall Street closed at $22.36 on Friday. Despite the sharp increase Monday, shares were still below the company's 52-week high of $36.01, reflecting uncertainty among some investors about whether the sale will go through. Several analysts said they view the...

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