Sony Group Corporation has confirmed that it has completed the acquisition of Crunchyroll from AT&T for $1.175 billion in cash. The deal had reportedly been stalled in order for the U.S. Justice Department to conduct an antitrust review of the deal. No details on how things will change were revealed but Funimation has confirmed that they are working on a unified subscription service and that more details will be revealed at a later date.

Here’s what Kenichiro Yoshida, CEO of Sony Group Corporation, had to say:

We are very excited to welcome Crunchyroll to the Sony Group. Anime is a rapidly growing medium that enthralls and inspires emotion among audiences around the globe. The alignment of Crunchyroll and Funimation will enable us to get even closer to the creators and fans who are the heart of the anime community. We look forward to delivering even more outstanding entertainment that fills the world with emotion through anime.

Crunchyroll Statement:

The two brands you know and love will be working together, and we believe this is a great thing for fans and the industry, alike! Both teams are knowledgeable, passionate, and have been committed to the anime community for decades. We couldn’t ask for better partners.

We know you may have questions! Today we begin the work of bringing two awesome teams together to bring you more of what you love. Thank you for your trust and support!

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