Softbank Discussing Buyout of DreamWorks Animation

September 28, 2014 5:47 AM

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Softbank Discussing Buyout of DreamWorks Animation

Softbank has made a $3.4 billion offer that values DreamWorks Animation shares at $32 each, the Hollywood Reporter said yesterday. The board of DreamWorks Animation, based in Glendale, California, held an emergency meeting last week to weigh the bid, the publication reported.

Softbank, which would become the second Japanese company to own a Hollywood film studio, can afford DreamWorks. The company’s investment in Alibaba Group Holding Ltd. has a market value of more than $70 billion. Softbank controls the third-largest U.S. mobile operator, Sprint Corp., and has been loo...

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