Topics

The Croods
DreamWorks Animation in talks to sell to Japan's SoftBank
DreamWorks Animation in talks to sell to Japan's SoftBank

DreamWorks Animation, the studio behind the "Shrek," "Kung Fu Panda" and "Madagascar" movies, is in talks to sell the company to Japanese telecommunications firm SoftBank Corp., according to a person  familiar with the talks. Jeffrey Katzenberg, chief executive of the Glendale studio, has been in discussions to sell the company he launched twenty years ago to SoftBank, which owns Sprint Corp. and recently dropped a bid to acquire T-Mobile. The DreamWorks board held a meeting Thursday to consider an offer by SoftBank to buy DreamWorks for $32 a share, well above the company's current share price, which closed at $22.36 on Friday, according to the...

Loading