- NBCUniversal (NASDAQ:CMCSA +0.2%) has closed on its $3.8B acquisition of DreamWorks Animation (DWA).
- As planned, the studio will be folded into Universal's Filmed Entertainment Group, where it joins Universal Pictures, Fandango, and NBCUniversal Brand Development.
- Holders of DWA get $41 in cash for each share.
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DWA will be delisted from Nasdaq, and the studio will redeem its $300M outstanding in 6.875% senior notes, redeeming them at 105.156% of principal amount plus accrued and unpaid interest.
- Shares jumped in April on news of the deal and have gained 59% YTD.