DreamWorks Animation is reportedly in sales talks with Japanese telecommunications company Softbank.
The Hollywood Reporter claims the telecom, which owns cellular service provider Sprint, offered to purchase the studio for $32 a share. That's up $10 from what it closed at on Friday and would value the company at $3.4 billion.
But Softbank has been making headlines recently for a string of acquisitions as it tries to expand and diversify its operations.
Two months ago, it dropped out of talks to buy T-Mobile after regulators expressed concern over antitrust violations.
But it's also had some good decisions from over a decade ago pay off recently. It invested $20 million into Chinese e-commerce giant Alibaba back in 2000. Now, its shares are worth about $60 billion. That's some pretty forward thinking.
The payout even made Softbank's owner, Masayoshi Son, the richest man in Japan.
But what does a telecommunications and Internet company want with Hollywood's smallest studio?
The Wall Street Journal says the DreamWorks acquisition would allow Softbank to expand while giving its mobile networks a competitive edge thanks to the new, exclusive content.
Neither of the companies have commented on the story yet, and it's unclear when or if a deal will be signed.
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