Is DreamWorks Animation the next studio to change hands?
The latest news in the animation world is that Softbank, a Japanese conglomerate, is hoping to make its own dreams come true by buying DreamWorks Animation.
According to various news outlets, SoftBank is in talks to buy the company, with the deal valuing the facility at $3.4 billion, or $32 a share for the public company, putting its value at $3.4 billion. What about the man at the helm of the studio? The offer reportedly includes a five-year deal for Jeffery Katzenberg, CEO and founder, to stay on.
In the coming weeks, DreamWorks will be releasing its next movie based on the successful Madagascar property.
SoftBank is the majority owner of mobile phone company Sprint, which has been investing in content.