FUNimation Sold!

[Chris Beveridge]

Navarre has announced that FUNimation has been sold to a group of entities, with Gen Fukunaga as a minority stakeholder, for $24 million. This new investment group will retain Navarre for several aspects, particularly logistics and fulfillment...

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[One Vorlon]

Interesting . . . the sale price is well below what the known earnings would suggest

[guyverfanboy]

Interesting. I wonder why for such a low amount. I was expecting FUNi to be sold for somewhere around $100 million.

[FUNiOP]

So it finally happened. Well I hope they continue to be the same, and that if anything has to change, it's only for the better of FUNimation. It will be interesting to not see "A Navarre Corporation Company" anymore.

[Buckeye]

I just hope that Funi can continue to keep things up after changing hands.

[Betenoire]

Originally Posted by Buckeye

I just hope that Funi can continue to keep things up after changing hands.

No, I'm sure that the investors who bought it-including Gen Fukunaga who has been running it for years-didn't plan out for the future and were just looking around at what they could spend $24 million on and since their private airfield is full of their private jets and they own 3 towns worth of property that if they don't know what they are doing or have a plan the $24 million is just a statistical rounding error at the end of the year.

[nekonene]

Originally Posted by Betenoire

No, I'm sure that the investors who bought it-including Gen Fukunaga who has been running it for years-didn't plan out for the future and were just looking around at what they could spend $24 million on and since their private airfield is full of their private jets and they own 3 towns worth of property that if they don't know what they are doing or have a plan the $24 million is just a statistical rounding error at the end of the year.

Under new Management! Same as the Old Management! Now with fully independent reversionvisioningation!

[Betenoire]

Originally Posted by nekonene

Under new Management! Same as the Old Management! Now with fully independent reversionvisioningation!

Pretty close to what I posted earlier.

[joelgundam01]

Originally Posted by guyverfanboy

Interesting. I wonder why for such a low amount. I was expecting FUNi to be sold for somewhere around $100 million.

Probably because Nivarre will still be making money off of them as their distributor.

[Njr Scrawl]

This -

FUNimation's future strategies and associated risks to execute them are not in line with Navarre's strategic direction

struck me as a strong statement, in corporate-speak.