On April 28, 2016, NBCUniversal officially announced its intent to acquire DreamWorks Animation for $3.8 billion.[45] Universal Pictures would take over distribution for DreamWorks Animation films after their deal with 20th Century Fox expires. The sale was approved by board members, but is subject to regulatory approval.[46][47] On June 21, 2016, the acquisition was approved by the U.S. Department of Justice.[48][49]On August 22, 2016, the deal closed, and DreamWorks Animation is now a wholly owned subsidiary of Comcast-NBCUniversal.