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Anime News

Navarre / FUNimation Update
Date: 3/1/2005
Last week software and music distributor Navarre withdrew a planned stock offering that it had hoped to use to fulfill the initial cash portion of its expected purchase of Funimation Productions Ltd. In January, Navarre said it would buy the Fort Worth, Texas-based company for $100.5 million in cash and between 1.5 million and 1.8 million shares. Funimation is a home video distributor and licensor of Japanese animation and children's entertainment in the United States. Navarre said it still expects to buy Funimation. Source: Pioneer Press
Source: Anime News Services