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BREAKING- DreamWorks Spiking on Possible Actavist Stake

Shares of Dreamworks (NASDAQ: DWA) are up about 3.5 percent after rumors of an activist stake in the company. While all of these rumors are unconfirmed, the activist is believed to be Carl Icahn, according to StockTwits. Icahn has posted nothing to his Twitter account regarding the news. We will update this story as more information comes available.

Company Profile

DreamWorks Animation SKG, Inc. engages in the development, production, and exploitation of animated films and associated characters worldwide. The company operates through two reportable segments, Film and TV Specials/Series, and Classic Media. It also creates and exploits family entertainment, including animated feature films, television specials and series, live entertainment properties, and related consumer products, as well as licenses distribution rights. The company offers animated feature films and characters primarily for the theatrical, home entertainment, television, merchandising, and licensing markets. It has strategic alliances with McDonald’s, Hewlett-Packard, Intel, Autodesk, Oracle, Polycom, and RedHat. DreamWorks Animation SKG, Inc. was founded in 1985 and is headquartered in Glendale, California.

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