M&A Deal Summary

Funimation Productions Acquires Crunchyroll

On December 9, 2020, Funimation Productions acquired media company Crunchyroll from AT&T for 1.2B USD

Acquisition Highlights
  • This is Funimation Productions’ 2nd transaction in the Media sector.
  • This is Funimation Productions’ largest (disclosed) transaction.
  • This is Funimation Productions’ 1st transaction in the United States.
  • This is Funimation Productions’ 1st transaction in California.

M&A Deal Summary
Date 2020-12-09
Target Crunchyroll
Sector Media
Buyer(s) Funimation Productions
Sellers(s) AT&T
Deal Type Divestiture
Deal Value 1.2B USD

Target

Crunchyroll

San Francisco, California, United States
website
Crunchyroll, Inc. is a provider of destination and platform for Japanese anime and Asian content. Crunchyroll delivers more than 25,000 episodes and 15,000 hours of officially-licensed content from Asian media producers directly to viewers translated professionally in multiple languages within minutes of the TV broadcast, through applications including Crunchyroll for iPhone, iPad, Android, Kindle, Windows Phone, Playstation 3, Playstation 4, Playstation Vita, Xbox LIVE on Xbox 360 and Xbox One, AppleTV, Roku, Nintendo WiiU, Internet-enabled TVs, set-top boxes, and more. Crunchyroll was founded in 2006 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Funimation Productions

Flower Mound, Texas, United States

website

Category Company
Founded 1994
Sector Media
DESCRIPTION

Funimation Productions Ltd. is a fully integrated, next-generation entertainment studio, the company's fan-first philosophy is anchored in its omnichannel approach to its immersive offerings. Funimation Productions was founded in 1994 and is based in Flower Mound, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Manga Entertainment

London, United Kingdom

Manga Entertainment Ltd. is a vertically integrated digital film and television company comprising of distribution, international sales, and production. Manga Entertainment was founded in 1987 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States

website

Category Company
Founded 1983
Sector Communications
Employees160,700
Revenue 120.7B USD (2022)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 16 of 23
Sector (Media) 1 of 4
Type (Divestiture) 12 of 19
State (California) 3 of 5
Country (United States) 14 of 20
Year (2020) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Quickplay Media

Toronto, Ontario, Canada

Quickplay Media Co. is a cloud-based mobile video platform that allows pay-TV operators, wireless carriers, and content providers to outsource the collection, storage, manipulation, and delivery of audio and video content to IP-connected devices such as smartphones and tablets. QuickPlay was formed in 2004 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 DIRECTV

El Segundo, California, United States

DIRECTV is a provider of digital television entertainment services delivering a premium video experience through state-of-the-art technology, programming, and industry-leading customer service to more than millions of customers in the U.S. and Latin America. DIRECTV was founded in 1977 and is based in El Segundo, California.

Sell -
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