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Old 14 Dec 2005, 03:55 AM   #1
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Default Paramount Pictures buys DreamWorks SKG

Paramount Pictures agreed Sunday to buy DreamWorks SKG in a $1.6 billion cash-and-debt deal that gives the Viacom Inc.-owned studio a much needed boost and ends the efforts of Steven Spielberg and two other moguls to build an independent movie and television empire.

Viacom (Research) will pay about $774 million in cash. The rest of the $1.6 billion purchase price is assumption of debt. Credit and more info: CNN/Money

Last edited by jmet; 4 Jan 2006 at 11:23 AM
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