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DreamWorks Animation Stock Rockets Nearly 25 Percent After Comcast-NBCU Acquisition

DWA tops $40 per share shortly after $3.8 billion deal is made official

Comcast’s NBCUniversal has officially acquired DreamWorks Animation, and DWA shareholders can start celebrating this morning — we know company co-founder Jeffrey Katzenberg must be.

Within the first 30 minutes of Thursday’s official U.S. stock market trading day, DreamWorks Animation rose nearly 25 percent, topping a cool $40 per share in the process. It didn’t quite make it to the $41 mark, which is what each common share of DWA will be worth if and when the deal closes later this year.

For those who prefer to read about their stock increases in terms of cold, hard cash — DWA jumped a few coins under 8 bucks per share at its early morning peak. Not bad, considering the stock also rose nicely yesterday, when speculation of the takeover mounted.

Here’s a 5-day snapshot of DWA trading, so TheWrap readers can appreciate its dramatic rise, which began in pre-market trading:

DWA

Comcast stock is also up today, but on a far, far less exciting scale: CMCSA shares have risen just about 21 cents apiece from yesterday’s close, or about one-third of a percentage point.

Below is a snapshot of that stock over the same 5 days — a far more volatile period. Comcast reported its first-quarter 2016 earnings on Wednesday morning, which should explain away the recent peaks and valleys.

Read about Comcast’s Q1 financials here.

CMCSA