NBCUniversal Vice Chair Meyer Explains DreamWorks (DWA) Acquisition on CNBC
NEW YORK (TheStreet) -- Comcast's (CMCSA) - Get ReportNBCUniversal Vice Chair Ron Meyer explained to CNBC's Julia Boorstin why the media company announced the acquisition of DreamWorks Animation (DWA) for $3.8 billion back in April, the interview for "Squawk Box" took place at the Sun Valley, ID conference Thursday.
"It's two more movies a year in the animated area and in the children's area," Meyer stated.
DreamWorks has a "great television business" and characters that will be strong additions to NBCUniversal theme parks, he continued.
"I think there's a tremendous amount of synergy in these two companies and I feel really good about it," Meyer said.
The merger was cleared by the U.S. Justice Department on June 21. NBCUniversal and DreamWorks expect to close the deal within the coming months.
Shares of Comcast are slipping by 0.03% to $65.08 early this morning.
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Separately, TheStreet Ratings rated Comcast as a "buy" with a score of A+.
This is based on the convergence of positive investment measures, can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels.
TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
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