Hasbro Said to Be In Talks to Buy DreamWorks Animation The toymaker is apparently willing to pay a mix of cash and stock, though an exact price has not been determined yet.

By Reuters

This story originally appeared on Reuters

Reuters | Sandy Huffaker

Toymaker Hasbro Inc is in talks to buy Hollywood studio DreamWorks Animation SKG Inc, the New York Times reported, citing people briefed on the matter.

Under the proposed deal, Hasbro would pay a mix of cash and stock, though an exact price has not been determined yet, the newspaper reported.

DreamWorks spokesman Matthew Lifson and Hasbro spokeswoman Julie Duffy said separately that the companies do not comment on rumors and speculation.

The talks with Hasbro come more than a month after discussions with Japan's Softbank fell apart, with one source citing price as a dissuading factor.

Negotiations between the Hasbro and DreamWorks are continuing and may still fall apart, the newspaper quoted the people as saying.

DreamWorks shares closed at $22.37, giving it a market value of $1.91 billion. Hasbro stock closed at $57.47, with a market capitalization of $7.22 billion.

(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar Warrier)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

A New Hampshire City Was Named the Hottest Housing Market in the U.S. This Year. Here's the Top 10 for 2024.

Zillow released its annual lists featuring the top housing markets, small towns, coastal cities, and geographic regions. Here's a look at the top real estate markets and towns in 2024.

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

This AI is the Key to Unlocking Explosive Sales Growth in 2025

Tired of the hustle? Discover a free, hidden AI from Google that helped me double sales and triple leads in a month. Learn how this tool can analyze campaigns and uncover insights most marketers miss.