Today Dreamworks Animation (DWA) is up 18%
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The word on the street is that Comcast (CMCSA) wants to buy DWA for $3 Billion.
It’s trying to copy Disney’s (DIS) masterful acquisitions.
Since Robert Iger became Disney’s CEO in 2005.
They’ve acquired Pixar for $7.4 Billion.
Marvel for $4 Billion.
And Lucasfilm for $4.06 Billion.
Comcast wants to add attractions at their Universal theme parks.
Happy Potter attractions have boosted attendance at Universal Studios.
So has their Minions rides.
Plus they are selling a lot of themed-merchandise at the theme parks and online.
Comcast is planning on building a 300 acre them park in China for $3 Billion.
It plans to open up the theme park to the public in 2019.
If it buys Dreamworks Animation, Comcast will have access to its movie franchises.
How to Train Your Dragon.
And the crown jewel for a theme park in China?
Kung Fu Panda.
DWA CEO Jeffrey Katzenberg would receive a $21.9 million payout if DWA is sold and if he walks.
In the past, Hasbro (HAS) was rumored to buy DWA.
But that deal didn’t happen.
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