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Stock Market & Financial Investment News

News Breaks
June 16, 2014
05:54 EDTDWADragon sequel opened softer than expected, says Piper Jaffray
Piper Jaffray says the opening of the How to Train Your Dragon sequel came in 30%-40% below consensus expectations. The firm keeps an Underweight rating on shares of DreamWorks Animation as it sees a "rich" valuation and a downward bias to estimates.
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April 19, 2015
17:43 EDTDWADreamWorks CEO downplays Chinese takeover speculation, Variety says
In an interview with Variety at the Beijing International Film Festival, DreamWorks (DWA) CEO Jeffrey Katzenberg said he does not believe the company is headed towards a takeover by a Chinese firm. "We are a minority owner in a joint venture here, and I think that is the most successful structure to do business here in China today... We’re very comfortable with that arrangement," said Katzenberg. Variety notes that there was speculation late last year of takeover talks with Alibaba (BABA) or Wanda. Reference Link

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