Comcast confident of regulatory approval on DreamWorks deal

Comcast predicted U.S. regulators would sign off on its newly announced $3.8 billion acquisition of DreamWorks Animation by the end of the year. 

If the deal goes through, the film and television production company would be absorbed by NBCUniversal, a division of Comcast. NBCUniversal would pay $41 for each share of DreamWorks stock. 

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The deal announced Thursday would add to Comcast’s vast media business. It is the largest cable and Internet service provider in the United State, and also owns a number of content and production companies, including NBC and Universal Pictures. 

“The transaction is expected to close by the end of 2016, subject to receipt of antitrust approvals in the U.S. and abroad, as well as the satisfaction of other customary closing conditions,” the company said in a statement.

In a press release announcing the deal, DreamWorks touted its 32 feature films that have grossed $13 billion combined, and the 25 Emmys it has won for its television shows.  

Comcast won regulatory approval from the Justice Department and the Federal Communications Commission for its acquisition of NBCUniversal back in 2011. That deal came with a number of conditions, including fair treatment of online video distributors and options for customers to purchase unbundled Internet service. 

Regulators, however, thwarted Comcast’s massive bid to acquire Time Warner Cable last year because of perceived harm to online video. That deal would have combined the two largest cable providers.