DREAMWORKS SOARS ON REPORT OF HASBRO DEAL TALKS

NEW YORK (AP) — Shares of DreamWorks Animation SKG Inc. are soaring in Thursday premarket trading following a media report that toy company Hasbro is in discussions to buy the studio.

The New York Times, citing anonymous sources briefed on the talks, reported that Hasbro is in “advanced talks” with DreamWorks about a potential deal that would include a combination of cash and stock.

Hasbro Inc. said Thursday that it does not comment on rumors or speculation.

A representative for DreamWorks did not immediately respond to a request for comment.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

The report of the talks between Hasbro and DreamWorks comes less than two months after reports said that DreamWorks was in discussions with Japanese telecommunications and Internet company Softbank about a possible buyout or some type of partnership.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE

Get Access to Exclusive Reports - Save Time & Money
Submit
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
Close