Sprint owner’s pursuit of DreamWorks boosts stock 30 percent

September 30, 2014 2:31 PM

6 0

Sprint owner’s pursuit of DreamWorks boosts stock 30 percent

Shares of DreamWorks Animation rose almost 30 percent on Monday after news of a proposed acquisition by Japanese telecommunications giant SoftBank Corp.

SoftBank, which controls Overland Park-based Sprint Corp. and recently dropped a bid to acquire T-Mobile US Inc., has offered to buy the studio for $32 a share, according to a person familiar with the talks.

Also read: 2 Abu Dhabi banks to merge into largest Gulf Arab bank

Read more

To category page

Loading...