Comcast Affairs DreamWorks Animation for About $3.55B

NEW YORK -- Comcast (CMCSA) is affairs Dream Works Animation (DWA) for about $3.55 billion.

Dream Works stockholders will accept $41 for anniversary allotment they own. That's a 24 percent exceptional to the
company's Wednesday closing amount of $32.20. The companies put the deal's amount at about $3.8 billion.

Dream Works will become allotment of the Universal Filmed Entertainment Group, which includes Universal Pictures.

Once the accord closes, Dream Works co-founder and CEO Jeffrey Katzenberg will become administrator of Dream Works New Media. He'll aswell serve as a adviser to NBC Universal, a assemblage of Comcast Corp.

"Dream Works will advice us abound our film, television, affair parks and customer articles businesses for years to come," Steve Burke, CEO of NBC Universal, said in a statement.

Both companies' boards accept accustomed the transaction, which is targeted to abutting by year's end.

Shares of Dream Works surged $7.78, or 24 percent, to $39.99 a share, while Comcast's banal slipped 26 cents, or 0.4 percent, to $61.04, in aboriginal morning trade