Deals
AT&T Aims to Sell Crunchyroll for $1.5 Billion
- Media assets back on the block now that reorganization is done
- Phone giant still looking to shed businesses and pay down debt
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AT&T Inc. is seeking to sell Crunchyroll, its anime video unit, for as much as $1.5 billion, according to people familiar with the matter, resuming an effort by the communications and media conglomerate to jettison noncore assets and raise cash.
The people asked not to be identified discussing private deliberations. The potential sale of Crunchyroll was reported earlier Wednesday by the Information, which named Sony Corp. as the interested buyer. A representative of the company’s Sony Pictures unit declined to comment.