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Japan's SoftBank in talks to buy DreamWorks

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Japan's SoftBank is in talks to acquire DreamWorks Animation SKG in a deal that valued DreamWorks at as much as $3.4 billion, media reported on Saturday.


A SoftBank spokesman said the company had no comment.


The acquisition talks were reported by The Hollywood Reporter, Variety and The Wall Street Journal.


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Technology

The Hollywood Reporter quoted an unidentified source with knowledge of the deal as saying an acquisition would value DreamWorks at $3.4 billion.


That would value DreamWorks Animation at $32 per share. The stock closed at $22.36 on Friday.


DreamWorks, based in Glendale, California, has produced 29 animated feature films, including franchise hits like 'Shrek' and 'Madagascar.'


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