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NBCUniversal to Acquire DreamWorks Animation
- Client News
- April 28, 2016
NBCUniversal, a division of Comcast Corp., announced an agreement to acquire DreamWorks Animation. The studio will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango and NBCUniversal Brand Development. Under the terms of the transaction, which is expected to close by the end of 2016, DreamWorks Animation has an equity value of approximately $3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock.
Following the completion of the transaction, DreamWorks Animation CEO and co-founder Jeffrey Katzenberg will become chairman of DreamWorks New Media. Katzenberg will also serve as consultant to NBCUniversal.
The Paul, Weiss team representing Jeffrey Katzenberg in the transaction included, among others, corporate partners Robert Schumer, Chuck Googe and Raphael Russo and counsel Didier Malaquin; employee benefits partner Lawrence Witdorchic; litigation partner Daniel Toal; and tax partner Jeffrey Samuels.