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Paramount Makes Bid For DreamWorks

9 Dec, 2005 By: Jessica Wolf

Paramount Pictures might be in the market for a new addition to its filmed entertainment family — DreamWorks SKG.

The Wall Street Journal reported today that Paramount is preparing a bid for DreamWorks. Parent company Viacom's board approved the potential bid, as long as the company could raise most of the reported $1 billion DreamWorks is asking, via outside investors, according to the Journal article, which cited unnamed sources close to the companies.

NBC Universal has also been in talks to purchase DreamWorks. Neither deal would include the publicly traded DreamWorks Animation.

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