Deals
Comcast’s DreamWorks Purchase to Face China Antitrust Review
- U.S. Justice Department cleared ‘Shrek’-maker purchase in June
- Commerce ministry blocked a global shipping deal in 2014
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China will conduct an antitrust review of Comcast Corp.’s $3.8 billion purchase of "Shrek"-maker DreamWorks Animation SKG Inc., a move that threatens to set back the U.S. media giant’s plans to bolster its library of animated films and characters.
"We will probe into the case based on anti-monopoly laws," Shen Danyang, spokesman at the Ministry of Commerce, said at a briefing in Beijing on Friday. Authorities received complaints that the deal could threaten competition in the Chinese market, said the spokesman, who didn’t identify the source of the objections.