SHANGHAI, Sept 2 China will launch an
anti-monopoly investigation into Comcast Corp's
purchase of DreamWorks Animation after receiving complaints that
the deal could hurt competition in the Chinese market.
"Recently MOFCOM received complaints regarding Comcast's
decision to buy out DreamWorks, claiming that the deal would
hurt competition in the Chinese market," Shen Danyang, spokesman
for the Ministry of Commerce (MOFCOM) told reporters on Friday
"MOFCOM will investigate this complaint case based on
anti-monopoly laws," he said.
Comcast Corp said in April it would buy DreamWorks Animation
for $3.8 billion. DreamWorks, producer of the "Kung Fu Panda"
and "Shrek" franchises, was one of the first Hollywood studios
to open a production studio in China.
(Reporting by Yawen Chen; Writing by Brenda Goh)