Sony in talks with AT&T to buy Crunchyroll for more than $950 million: Nikkei
October 30, 2020
TOKYO (Reuters) – Sony Corp is in final talks with AT&T to acquire U.S. animation-streaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday.
Sony recently obtained the exclusive right to negotiate for Crunchyroll, as the Japanese entertainment and electronics conglomerate hopes to compete with Netflix and other global rivals, the Nikkei said.
(Reporting by Makiko Yamazaki and Sakura Murakami; editing by Jason Neely)