Toymaker Hasbro Inc is in talks to purchase 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. (nyti.ms/1Ew7UTa)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 Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets. Shares of DWA traded higher by 1.54% or $0.34/share to $22.37. In the past year, the shares have traded as low as $19.20 and as high as $36.01. On average, 1612870 shares of DWA exchange hands on a given day and today's volume is recorded at 714645.
Hasbro, Inc., engaged in providing children?s and family leisure time products with a range of portfolio of brands and entertainment properties. Shares of HAS traded higher by 1.41% or $0.8/share to $57.47. In the past year, the shares have traded as low as $47.48 and as high as $58.41. On average, 1047340 shares of HAS exchange hands on a given day and today's volume is recorded at 1082304.
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