April 28, 2016 -- NBCUniversal, a division of Comcast Corporation, today announced the acquisition of DreamWorks Animation for approximately $3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for each share of DreamWorks Animation common stock. Cravath, Swaine & Moore LLP is representing DreamWorks Animation in connection with this transaction. The studio will become part of the Universal Filmed Entertainment Group, which includes Universal Pictures, Fandango and NBCUniversal Brand Development.

The Cravath team is being led by partners Faiza J. Saeed, Eric L. Schiele and Ting S. Chen (M&A) and includes partners Stephen L. Gordon and Lauren Angelilli (tax); partner Jennifer S. Conway (executive compensation and benefits); and partner Christine A. Varney (antitrust).