The Wall Street Journal is reporting that Comcast is in talks to acquire Dreamworks for more than $3 billion. At or around $3 billion, that would equate for a massive premium to Tuesday’s closing price of approximately 30%.
Year to date, DWA is up around 5%. Both revenues and earnings have upticked recently, thanks to big box office smashes, such as Kung Fu Panda. Truth is, DWA is a giant turd, with limited creative skills as a studio. They’d be smart to cash in now, before Comcast figures out they’re getting ripped off.
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