Advancing its position in kids and family entertainment, NBCUniversal, a division of Comcast Corporation, announced Monday that it has completed its acquisition of DreamWorks Animation SKG.
The studio will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango, and NBCUniversal Brand Development.
Under terms of the deal valued at approximately $3.8 billion, DWA stockholders are receiving $41 in cash for each share of DWA common stock, and post-closing, DWA shares will no longer be listed on the NASDAQ.
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In addition, on September 21, 2016, DWA will redeem all $300 million aggregate principal amount outstanding of its 6.875% Senior Notes due August 15, 2020 at a redemption price of 105.156% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the date of redemption.
NBCUniversal is one of the world’s leading media and entertainment companies in the development, production, and marketing of entertainment, news and information to a global audience.
DreamWorks Animation is a global family entertainment company with business interests that span feature film and television production; licensing and consumer products; location-based entertainment; and new media properties.
