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Sony Pictures Entertainment to buy Crunchyroll operator from AT&T for $1.175 billion

( December 10, 2020, 04:20 GMT | Official Statement) -- MLex Summary: Sony announced today that its subsidiary Sony Pictures Entertainment has agreed to buy AT&T’s 100 percent stake in Ellation Holdings, which operates the anime business Crunchyroll, for $1.175 billion. The transaction is subject to regulatory approvals, the statement said. Sony Pictures Entertainment will buy the US telecom giant's content business through Sony group’s joint venture, Funimation Global Group. Crunchyroll, an anime service within AT&T’s WarnerMedia segment, has 90 million registered users across more than 200 countries, according to the statement. A statement is attached....

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