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 newsletter!

Error: Please check your email address.

Tags business issuestelecommunicationCarriersDreamWorks AnimationSoftbankMergers and acquisitions

Featured

Slideshows

Channel celebrates as HP marks 50 years in NZ

Channel celebrates as HP marks 50 years in NZ

HP marked 50 years in New Zealand at an event in the vendor's Auckland's headquarters last night, with a host of key channel figures coming along to celebrate. Photos by HP.

Channel celebrates as HP marks 50 years in NZ
EDGE 2017 - Icebreaker Sessions round 2

EDGE 2017 - Icebreaker Sessions round 2

EDGE guests experience the value of networking at the second round of Icebreaker sessions.. Photos by Maria Stefina

EDGE 2017 - Icebreaker Sessions round 2
Show Comments