China investigates DreamWorks animation sale
Updated: 2016-09-03 01:04
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China's commerce ministry said on Friday that it will launch an anti-monopoly investigation of Comcast Corp's planned purchase of DreamWorks Animation after receiving unspecified complaints that the deal could hurt competition in the Chinese market.
Comcast, owner of NBCUniversal, said in April it would pay $3.8 billion to buy DreamWorks, the producer of the "Kung Fu Panda" and "Shrek" franchises, which was also one of the first Hollywood names to open a production studio in China.
A spokesman for the commerce ministry said that it had "received complaints regarding Comcast's decision to buy out DreamWorks, claiming that the deal would hurt competition in the Chinese market". The spokesman didn’t say what the complaints were, or who made them.
Reuters was unable to reach Comcast or DreamWorks for immediate comment.
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