DreamWorks Animation will become part of the Universal Filmed Entertainment Group as part of an acquisition confirmed today by NBCUniversal.
The deal, which is subject to approval in the U.S. and abroad, places the studio’s equity value at about $3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock.
Said Steve Burke, CEO of NBCUniversal: “DreamWorks Animation is a great addition to NBCUniversal. Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property. DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come.”
The deal, which is expected to close by the end of this year, has been approved by the boards of directors of DreamWorks Animation and NBCUniversal ownerComcast, and the controlling shareholder of DreamWorks Animation has approved the agreement by written consent.
Burke noted in the announcement: “We have enjoyed extraordinary success over the last six years in animation with the emergence of Illumination Entertainment and its brilliant team at Illumination Mac Guff studio. The prospects for our future together are tremendous. We are fortunate to have Illumination founder Chris Meledandri to help guide the growth of the DreamWorks Animation business in the future.”