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Softbank Corp linked to possible USD3.4bn bid for DreamWorks Animation [TeleGeography CommsUpdate](TeleGeography CommsUpdate Via Acquire Media NewsEdge) Japanese telecoms and internet access provider Softbank Corp has been linked with a surprise plan to bid for US-based movie studio DreamWorks Animation, people familiar with situation have said – although they wish to remain anonymous due to the commercial sensitivity of the deal. The Japanese group is however, understood to have offered USD32 a share for DreamWorks Animation, equivalent to a 45% premium on the studio's share price, and valuing it at around USD3.4 billion. If the rumour is substantiated, it would mark another audacious move by the Japanese firm, which only recently abandoned plans to purchase US carrier T-Mobile US. Masayoshi Son-led Softbank has publicly stated its desire to pursue more investments in content and technology and has employed former Google executive Nikesh Arora to head up its internet and media arm. (c) 2014 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |