Sony to buy AT&T's animation business Crunchyroll for around $1.2b

Sony to buy AT&T's animation business Crunchyroll for around $1.2b

REUTERS/Yuya Shino

Sony Corp will buy AT&T’s animation business Crunchyroll for $1.175 billion, the two companies said on Thursday, as the Japanese electronics conglomerate aims to beef up its entertainment content and distribution businesses.