Japanese telecom giant SoftBank reportedly in talks to acquire DreamWorks Animation
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Japanese telecommunications and internet powerhouse SoftBank is making a run to acquire DreamWorks Animation, according to reports from The Wall Street Journal and The Hollywood Reporter. It’s not clear how close the two are to a deal, but reports from sources close to the matter say SoftBank has offered $32 per share compared to DreamWorks Animation’s current $22 price.
DreamWorks Animation, the tiny Hollywood studio behind films such as Shrek, Madagascar, and more recently, How to Train Your Dragon, could provide a unique way for SoftBank to bolster its wireless offerings. The Wall Street Journal reports that the company and its outspoken billionaire CEO Masayoshi Son could use content from the animation studio to make Sprint more…