Menu
Report: Softbank in talks to buy Dreamworks Animation

Report: Softbank in talks to buy Dreamworks Animation

Japanese telecom carrier said to want animated movie producer

Japan's Softbank is in talks to acquire Dreamworks Animation, The Hollywood Reporter said late Saturday citing a source. The Wall Street Journal later reported the same news citing "people familiar with the matter."

Softbank is best known as operator of Japan's scrappy, third-ranked cellular carrier. In 2013, it bought the number three U.S. wireless carrier, Sprint, and earlier this year made a play for fourth-ranked T-Mobile USA, but has given up on that acquisition.

Following a $32 per share offer from Softbank, the Dreamworks Animation board held an emergency meeting on Thursday, said The Hollywood Reporter. It said Nikesh Arora [cq], a former Google executive and now head of the recently formed Softbank Internet and Media, liased with Dreamworks on the offer.

Dreamworks Animation is well known for its often humorous computer animated feature films. Some of the company's biggest hits have included "Shrek," "Monsters vs. Aliens" and "Kung Fu Panda."

The company's business relies on most of its movies attaining a hit status, putting great stress on the studio to keep performing.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuestelecommunicationCarriersDreamWorks AnimationSoftbankMergers and acquisitions

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments