UNIVERSAL, DREAMWORKS IN EXCLUSIVE ACQUISITION TALKS

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	NBC UNIVERSAL LOOKING TO BUY DREAMWORKS Jul 27 2005
	NBC Universal has opened talks to acquire DreamWorks, the live-action film business that remained following (more)

UNIVERSAL, DREAMWORKS IN EXCLUSIVE ACQUISITION TALKS
Monday, August 1 2005

At a board meeting on Friday, GE directors agreed to allow NBC Universal to pursue the acquisition of the live-action unit of DreamWorks, the Wall Street Journal reported today, citing several people familiar with the matter. Separately, the New York Times reported that the GE board agreed to allow NBC to negotiate exclusively with DreamWorks, while DreamWorks, which is held privately, did the same. The Times said that the central players in the negotiations are Universal Studios President Ron Meyer and DreamWorks principal David Geffen, who have been close friends for many years and talk to each other nearly every day.