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.