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Stock Market & Financial Investment News

News Breaks
July 14, 2014
06:54 EDTDWADreamWorks Animation downgraded at B. Riley
As previously reported, B. Riley downgraded Dreamworks to Neutral from Buy. The firm downgraded shares based on reduced expectations for How To Train Your Dragon 2 and lack of near-term catalysts. Price target lowered to $25 from $32.
News For DWA From The Last 14 Days
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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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