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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.

 

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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.

NEWS SOURCES:Japantimes.co.jp

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