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Variety: Chernin Group in 'Advanced Talks' to Control Crunchyroll
posted on by Lynzee Loveridge
Magazine: News Corp. executive's company's offer would value media service at under US$100 million
The entertainment trade magazine Variety reported on Wednesday that Chernin Group, a company run by News Corporation executive Peter Chernin, is in advanced talks to buy a controlling stake in the media distribution service Kun Gao also did not comment on the deal.
One of Variety's unnamed sources said that Cherin Group's offer would value Crunchyroll at under US$100 million. The company's current investors TV Tokyo, and others. The source said that if the reported deal came to fruition, Venrock would relinquish its stake while TV Tokyo would remain an owner.
Crunchyroll services in North America, , Spain, Portugal, and Latin America.
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