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Comcast to buy DreamWorks Animation for $41 a share

Comcast's NBCUniversal said on Thursday that it will buy DreamWorks Animation for $41 per share.

This story is developing. Please check back for further updates.

The acquisition values DreamWorks at approximately $3.8 billion and implies a 27 percent premium to the stock's Wednesday close at $32.20.

Shares of DreamWorks were halted on the news.

The deal is expected to close by the end of 2016. When the...