Viacom Acquires DreamWorks SKG for $1.6B
Sharon Waxman and Geraldine Fabrikant write in The New York Times:
Moving swiftly after negotiations bogged down with a rival bidder, Viacom closed a deal on Friday to pay $1.6 billion to acquire DreamWorks SKG, the Hollywood studio founded by Steven Spielberg, Jeffrey Katzenberg and David Geffen, according to executives involved in the negotiations.
Viacom and its studio division, Paramount Pictures, sealed the acquisition at a meeting on Friday among Mr. Geffen; Mr. Spielberg; Viacom's chief executive, Tom Freston; and Paramount's chairman, Brad Grey.
posted by Fergie @ 12/10/2005 10:41:00 AM
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