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NBCUniversal Acquires DreamWorks Animation

NBCUniversal has acquired DreamWorks Animation. The studio will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango, and NBCUniversal Brand Development.

Under the terms of the agreement, DreamWorks Animation has an equity value of approximately $3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock.

The agreement was approved by the boards of directors of DreamWorks Animation and Comcast, and the controlling shareholder of DreamWorks Animation approved the agreement by written consent. The transaction is expected to close by the end of this year.

Subsequently, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become chairman of DreamWorks New Media, which will comprise the company’s ownership interests in Awesomeness TV and NOVA. Katzenberg will also serve as a consultant to NBCUniversal.

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