Paramount pictures ‘to buy Dreamworks’

Paramount Pictures today said it had agreed to buy independent film studio DreamWorks SKG Inc. in a deal worth 1.6bn US dollars (€1.36bn) in cash and debt.

Paramount pictures ‘to buy Dreamworks’

Paramount Pictures today said it had agreed to buy independent film studio DreamWorks SKG Inc. in a deal worth 1.6bn US dollars (€1.36bn) in cash and debt.

The deal strengthens Paramount’s live action film business and gives the unit of Viacom Inc. access to DreamWorks’s library of 59 films, including the Oscar-winning “American Beauty” and “Gladiator.”

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