It's Official: DreamWorks Animation Buys Classic Media for $155 Million
Dreamworks Animation confirmed on Monday that is has entered into an agreement to acquire Classic Media for $155 million in cash. The deal gives the studio access to characters owned by Classic including Casper the Friendly Ghost, Where’s Waldo, Lassie, The Lone Ranger, Postman Pat and George of the Jungle. Dreamworks was an aggressive bidder, far outpacing other interested media companies. News of the agreement has been circulating for more than a week, but the parties have affirmed that the purchase price will be $155 million, which includes amounts required to retire indebtedness. The deal will be financed through
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- 7/23/2012
- by Eriq Gardner
- The Hollywood Reporter - Movie News
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