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Viacom May Add DreamWorks To Its Portfolio

Viacom's Paramount Pictures is preparing a bid for DreamWorks SKG, the live-action studio (the animation unit was spun off earlier this year) headed by Steven Spielberg, Jeffrey Katzenberg, and David Geffen, the Wall Street Journal reported today (Friday), citing people close to the situation. According to the newspaper, Viacom's board approved a bid on Thursday on condition that outside investors be rounded up to put up most of the money. The studio has let it be known that it will not consider a bid of less than $1 billion plus assumption of debt.
2005-12-20 17:42:44