Technology news website Recode reported on Wednesday that AT&T plans to buy all of Otter Media, the company it currently co-owns with the Chernin Group, in a deal expected to close this summer.
The Chernin Group and AT&T formed the joint venture Otter Media in 2014, and Otter Media invested another US$22 million in Crunchyroll’s parent company Ellation in November 2015.
Digital media news website Digiday also reported in November that AT&T had plans to make a deal for Otter Media.
Otter Media is the digital holding company that operates Crunchyroll’s parent company Ellation, among other video services.