AT&T to sell anime business ...Middle East

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AT&T to sell anime business
source : Daily Sun ( Middle East ) () 39
US telecommunications firm AT&T Inc has agreed to sell its Crunchyroll anime business to Sony Corp’s Funimation Global Group, LLC, both companies said in a joint statement late Dec 9.The purchase price for the transaction is $1.175 billion subject to customary working capital and other adjustments, and the proceeds will be paid in cash at closing, AT&T and Sony Pictures Entertainment Inc said https://refini.tv/2KaukIU.“Together with Crunchyroll, we will create ... greater opportunity for creators, producers and publishers in Japan and elsewhere,“ Tony Vinciquerra, the chief executive officer of Sony Pictures Entertainment said.Crunchyroll is an anime direct-to-consumer service within AT&T’s

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