Comcast To Buy DreamWorks Animation for $3.8 Billion

Comcast will spend roughly $3.8 billion on DreamWorks Animation in an all-cash deal, making it part of its Universal Filmed Entertainment Group, the cable company said in a news release Thursday. Comcast said it expects to close on the deal by year's end, subject to antitrust approvals in the U.S. and internationally. On close, DreamWorks Animation CEO/co-founder Jeffrey Katzenberg will be chairman of DreamWorks New Media, which will hold its ownership interest in Awesomeness TV and Nova, and serve as an NBCUniversal consultant, Comcast said.