+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

DreamWorks Animation Shares Are Exploding Higher

Nov 13, 2014, 19:20 IST

Last night, Deadline and the New York Times reported that Hasbro is in talks with DreamWorks Animation to acquire the company.

Advertisement

In pre-market on Thursday, shares of DreamWorks were up as much as 20% following the news.

In a report late Wednesday, Deadline said that DreamWorks CEO Jeffrey Katzenberg is seeking a deal that values the company at about $35 per share, a more than 50% increase from the $22.37 that DreamWorks shares closed at on Wednesday.

On Thursday morning, DreamWorks shares were trading just below $27. Hasbro shares, meanwhile, were down about 2%.

The latest reports regarding a potential deal with Hasbro follow reports in late September that said Japanese conglomerate SoftBank was looking to acquire DreamWorks Animation, though those talks eventually broke down.

Advertisement

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article