DreamWorks Animation buys Classic Media:
DreamWorks Animation has agreed to buy Classic Media, owner of Casper, Lassie and The Lone Ranger, from private equity group Boomerang Media Holdings for $155 million.
DreamWorks Animation SKG Inc beat rival bidders to buy Classic Media for $155 million to strengthen its array of entertainment characters, which will now include ``Casper'' and ``Rudolph the Red-Nosed Reindeer,'' the Wall Street Journal said.