Japan’s Softbank is in talks to acquire Dreamworks Animation, The Hollywood Reporter said late Saturday citing a source. The Wall Street Journal later reported the same news citing “people familiar with the matter.”

Softbank is best known as operator of Japan’s scrappy, third-ranked cellular carrier. In 2013, it bought the number three U.S. wireless carrier, Sprint, and earlier this year made a play for fourth-ranked T-Mobile USA, but has given up on that acquisition.

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