Report: Comcast in talks to buy DreamWorks for more than $3 billion

Jeffrey Katzenberg.
(Image credit: Imeh Akpanudosen/Getty Images)

Sources tell The Wall Street Journal that cable giant Comcast is in talks to buy DreamWorks Animation for more than $3 billion.

The company currently has a $2.3 billion market value. Comcast owns Universal Pictures, and if this deal goes through, it's likely DreamWorks, the studio behind animated hits like Kung Fu Panda and Shrek, would merge with Universal. Universal's animation business, Illumination Entertainment, makes the Despicable Me movies.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.