Report: Japan's SoftBank in talks to buy DreamWorks

Posted online September 29, 2014 | 6:37 am

Japan's SoftBank Corp. is in talks to acquire DreamWorks Animation, the Hollywood studio behind the "Shrek" and "Madagascar" movie hits, a person with knowledge of the situation told the Hollywood Reporter.

According to the report, the company would be valued at $3.4 billion.

Dreamworks founder and CEO Jeffrey Katzenberg would sign a five-year contract to remain with the company, the source said.

Read more from the Hollywood Reporter.[[In-content Ad]]

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