Japanese telecom giant SoftBank is reportedly in talks to buy DreamWorks Animation, according to The Wall Street Journal and The Hollywood Reporter.
SoftBank has extra money to spare thanks to its stake in Alibaba, the biggest IPO in history. The reported deal values DreamWorks Animation at $3.4 billion, though its market capitalization was $1.9 billion as of Friday. SoftBank shares rose Monday after news of the talks.
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While the news is still speculation — it's unclear how close this deal actually is — the reports suggest that SoftBank has offered DreamWorks Animation $32 per share, an increase from the studio's current $22 per share price.
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