SoftBank Corp. is in talks to buy or otherwise link up with DreamWorks Animation SKG Inc., people familiar with the negotiations said, a deal that could help the Japanese company and the Hollywood studio as they seek new ways to compete with rivals world-wide.

Coming nearly two months after SoftBank dropped a possible bid for T-Mobile US Inc., a DreamWorks Animation deal could give the conglomerate's Sprint Corp. unit another way to try to challenge top U.S. mobile carriers AT&T Inc. and Verizon Communications Inc.

...