Verizon to buy 24.5 percent stake in AwesomenessTV
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FBR Capital Remains Bullish on DreamWorks Animation SKG (DWA) Following Announced Sale of AwesomenessTV Stake to Verizon
April 6, 2016 1:22 PM EDTFBR Capital reiterated an Outperform rating and $29.00 price target on DreamWorks Animation (NASDAQ: DWA) following the company's announced deal to sell a 24.5% stake in AwesomenessTV to Verizon. Jeffrey Katzenberg was quoted in the press release providing a modicum of guidance, saying that ATV's "annual revenues" are "expected to more than double in the first 12 months of... More
Stifel Reiterates Buy on DreamWorks Animation SKG (DWA) as Verizon (VZ) Acquires 24.5% Stake in AwesomenessTV
April 6, 2016 9:44 AM EDTStifel reiterated a Buy rating and $34.00 price target on DreamWorks Animation (NASDAQ: DWA) following Verizon's (NYSE: VZ) acquisition of 24.5% stake in AwesomenessTV. DreamWorks remains the majority owner with a 51% ownership stake. The deal values ATV at $650mn, double the valuation of when Hearst... More
