In 2017, Sony Pictures Television acquired Funimation with a 95 percent controlling stake in the anime-streaming service.
According to Nikkei Asia, the acquisition could cost Sony over 100 billion yen ($957 million).
Adding Crunchyroll to its portfolio would put Sony in an even position to face off against Netflix and Hulu.
Crunchyroll was founded in 2006 and now has 70 million free members and 3 million subscribers.
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