Japanese Publisher Sells DreamWorks Shares to Paramount
Japanese publisher Kadokawa Holdings Inc. announced it will sell its 2.91% stake in DreamWorks SKG to Paramount Pictures for about $21 million by the end of February, according to VARIETY.
This week, Paramount, a unit of Viacom Inc., finalized its purchased of the previously privately held DreamWorks in a $1.6 billion cash-and-debt deal.