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AT&T to Sell Crunchyroll to Sony’s Funimation for $1.175 Billion

AT&T inked a deal to sell its Crunchyroll anime business to Sony’s Funimation group for $1.175 billion in cash, the companies announced. Funimation, a joint venture between Sony Pictures Entertainment and Sony Music Entertainment (Japan)’s Aniplex, has been a major rival to Crunchyroll in the global market for Japanese anime fandom. AT&T, looking to reduce […]

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