Sunday, September 28, 2014

Japanese Softbank in talks to buy DreamWorks for $ 3.4 billion – Kommersant

Japanese Softbank in talks to buy DreamWorks for $ 3.4 billion – Kommersant


                             
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second-largest telecommunications corporation in Japan SoftBank in talks to acquire the American film company DreamWorks Animation, according to September 28 “Prime”. The deal could be worth $ 3.4 billion, or $ 32 per share. At the closing of trading on Friday, September 26, the stock price was $ 22.36 studio apiece. Several recent animated films DreamWorks Animation at the box office suffered a setback, shares the studio began to decline, and she began to significantly reduce the budget picture. In the second quarter of this year, the net loss was $ 15.4 million, revenues for the same period – $ 122.3 million. A total of DreamWorks Animation, founded in 1994, has released 29 full-length cartoons, including such iconic franchises as “Shrek” and “Madagascar.” Softbank owns the third largest mobile operator USA – Sprint. Japanese corporation was going to buy also the fourth player in the market -T-Mobile, but the deal was blocked by regulators.

 
 
 
 
 
 
 
 
 



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