Hasbro Inc is in talks to get hold of the DreamWorks Animation studio. However, the discussions are at a very initial stage. This deal would be really exceptional deal between a toy maker and an animation studio.
Hasbro tries to move ahead into the entertainment market through this agreement. It would certainly help the two companies to step up beyond their core business.
As per the rumors, the DreamWorks animation demands more than $30 per share. A price above $30 on every share signifies at least 34 percent payment, as per the recent closing of DreamWorks Animation. However, the current worth of DreamWorks Animation is almost $1.9 billion. The company has developed a lot in terms of consumer products in the past few years. Unfortunately, the American animation studio paused in the arena of Walt Disney Co. Therefore, the firm is now more focused on the online video business and park themes in order to compensate the loss of film business
The contract will give a striking place to Hasbro in both the film and T.V industry. Presently, Hasbro possess 40 percent share in the Discovery Family Channel which is also known as the Hub.
Moreover, the two companies also conversed to jointly acquire Awesomeness TV. The studio attained the online video business at a high cost of $117 million in 2013. Sadly, the discussions failed badly.
On the other hand, the DreamWorks Animations are engage in negotiations with another potential buyer.