Japanese Softbank talks according to an unidentified source to buy up a Hollywood studio.
Japanese Softbank, with “yo-yo billionaire” Masayoshi Son in spentsen, talking now about to buy DreamWorks Animation SKG according to an internal source, writes Reuters.
The unidentified source says that DreamWorks in a takeover would be valued at 3.4 billion dollars, or about 24.6 billion kronor.
A trade publication said that Softbank has offered $ 32 per share for DreamWorks, which is a substantial premium over the closing price on Friday of $ 22.36.
Softbank buys DreamWorks becomes the second Japanese technology company that buys a Hollywood studio. First, this was Sony Corp., which bought Columbia Pictures in 1989.
Softbank recently cashed in a portion of their investment in Chinese e-commerce company Alibaba, and now seems to want to invest this money.
Softbank holds significant stakes in other large listed companies, such as Sprint, Yahoo Japan and GunhHo Online Entertainment.
A spokesman for Softbank said the company has no comment on the reported talks with DreamWorks.
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