Hollywood Rewrite: Viacom Outbids GE To Buy DreamWorks

[SOURCE: Wall Street Journal, AUTHOR: Merissa Marr merissa.marr@wsj.com, Kate Kelly and Kathryn Kranhold]
Yesterday, Viacom announced plans to acquire closely held DreamWorks, the live-action film studio that made hits like "Saving Private Ryan" and "American Beauty," for $774 million, plus the assumption of about $840 million of net debt. The deal also will give Viacom the right to distribute movies from DreamWorks Animation SKG, a separate public company. To help pay for the deal, Viacom plans to recruit outside investors to contribute as much as $1 billion of the total $1.6 billion package.
http://online.wsj.com/article/SB113416622175118798.html?mod=todays_us_page_one
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