NBCUniversal on Thursday said it has acquired DreamWorks Animation in a deal valued at $3.8 billion.
Under the deal, DreamWorks shareholders will receive $41 in cash for each share of DreamWorks stock.
The deal came together with breathtaking speed. The Glendale-based animation studio will be folded into the Universal Filmed Entertainment group, run by Jeff Shell.
“DreamWorks Animation is a great addition to NBCUniversal,” said Steve Burke, chief executive of NBCUniversal. “[DreamWorks CEO] Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property.”
Click here to read the full story on LATimes.com.