- Clearance means agency found no threat to industry competition
- Purchase adds top family film producer to Universal Pictures
Comcast Corp.’s NBCUniversal said the U.S. Justice Department cleared its proposed $3.8 billion purchase of DreamWorks Animation SKG Inc. and that the company looks forward to completing the deal soon.
NBCUniversal, the entertainment division of Comcast, expects to close the transaction in the coming months, Teri Everett, a spokeswoman, said Tuesday in an e-mail.
The Justice Department found no threat to competition from the deal and didn’t open an in-depth investigation. Comcast, the owner of Universal Pictures and cable networks including USA and Bravo, agreed to buy DreamWorks Animation in April for $41 a share in cash, acquiring the studio that made the “Kung Fu Panda” and “Shrek” films.
Mark Abueg, a spokesman for the Justice Department, declined to comment.