LATimes.com reports today that Paramount landed a surprise bomb on Hollywood Friday when they successfully made a deal to purchase DreamWorks SKG, the independent movie studio headed by David Geffen, Steven Spielberg and Jeffrey Katzenburg (think Shrek, Gladiator). Feathers are likely to ruffle as NBC Universal had already spent six months pursuing Dreamworks, according to the story. The article reports that Viacom's board (parent company to Paramount Pictures) approved a $1.5 billion bid Thursday for the company.
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