Tech content trusted by users in North America and around the world
7,255 Reviews & Articles | 52,676 News Posts

SoftBank interested in possible DreamWorks acquisition in curious move

Japanese company SoftBank is reportedly interested in purchasing DreamWorks
By: Michael Hatamoto | Business, Financial & Legal News | Posted: Sep 29, 2014 3:30 am

Japanese telecommunications and Internet company SoftBank has reportedly shown interest in acquiring the DreamWorks animation studio. SoftBank currently owns Sprint and had a failed bid to buyout T-Mobile in the United States, though is still interested in successful U.S. companies it could benefit from.




If the deal materialized, it would be a rather curious move for SoftBank, as DreamWorks would likely join a growing catalog of business units. Shares of DreamWorks closed on Friday at $22.36, and SoftBank would reportedly pay an inflated price of $32 per share, which the DreamWorks board is currently considering.


DreamWorks officials haven't shunned buyout offers in the past, but said they were interested in developing its own businesses - but a few Hollywood box office duds has pressured the company to potentially make changes.


Related Tags

Got an opinion on this news? Post a comment below!