Friday, December 09, 2005

Viacom's Paramount set to bid for DreamWorks SKG

Viacom's Paramount is apparently poised to make an offer for DreamWorks SKG, the live-action movie company that has been in talks to be acquired by GE's NBC Universal.

DreamWorks struggled for a long time to close a deal with the nervous NBC after their sales stumbled and Spielberg revealed a lack of interest in the takeover. Perhaps Paramount has a little more appetite for risk and is more willing to give the DreamWorks team greater autonomy.

Interesting to note that this is the first potential deal for Viacom since splitting itself in two. It may even move their rather unexciting share price. But it's any guess in which direction it'll go!

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