Comcast has closed on a $3.8 billion acquisition of DreamWorks Animation, which is now part of NBCUniversal’s Universal Filmed Entertainment Group.
Deadline.com reports that the acquisition ends the studio’s 12-year run as a publicly traded company. It will now operate alongside Universal Pictures, Fandango and NBCUniversal Brand Development.
“Per the deal the companies announced in April, Comcast will pay DWA stockholders $41 for each share,” Deadline reports. “DWA also redeemed the outstanding $300 million principal from its 6.875% Senior Notes due August 15, 2020. Owners will receive 105.156% of the principal amount, plus accrued and unpaid interest to the redemption date.”
Jeffrey Katzenberg will remain as chairman of DreamWorks New Media, and will consult with NBCUniversal.