Comcast Buys DreamWorks for $3.55 Billion

(NEW YORK) — Comcast is buying DreamWorks Animation for approximately $3.55 billion.

DreamWorks stockholders will receive $41 for each share they own. That's a 24 percent premium to the company's Wednesday closing price of $32.20. The companies put the deal's value at about $3.8 billion.

DreamWorks will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures.