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Navarre has 6 buyers interested in FUNimation


4:30 PM on 09.17.2010
Navarre has 6 buyers interested in FUNimation photo



Most of you are probably aware that FUNimation is being sold by its parent company, Navarre. While it's still a bit of an uncertain situation, there might be some good news on the horizon. Currently, Navarre has six buyers interested in FUNi, and is expecting final offers from these companies within "30 to 60 days" though this does not guarantee that a deal will take place.

The CEO and president of FUNimation, Gen Fukunaga, signed a new contract in May that will require him to assist in the sale of the company, and for doing so he will receive $250,000 or 5% of the contract, whichever is greater. That's a pretty nice incentive to make sure the deal goes through well, and certainly for more money.

The interest of these buyers is certainly a good thing, and hopefully FUNimation will be sold soon, ensuring continuing North American licensing from the company for a long time to come. The outlook seems good, as even parent company Navarre is not selling FUNi due to disappointment, but rather a desire to focus on other endeavors.

There's no word on who the lucky bachelors are, but as soon as we hear names, we'll be on it faster than Snooki on a pickle.






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Legacy Comments (will be imported soon)


It is good to see there is interest in Funimation, but I'll reserve judgment on whether being purchased is a good thing or not until we see the new owners and their strategy. Navarre has been a supportive owner and see to care about Funimation's best interest in this sale, but we won't know what the purchasing company is actually going to do until they are in control. we could see cut backs of licenses, we could see major changes. We could also see the new corporate masters taking a more active role in the company which could mean more money infusion but also decisions made by parent company people that don't understand the business. So I am trying to be cautiously optimistic at the moment but with worries due to how important Funimation is to the U.S. anime market.
To be fair, one of them was me. I offered to throw in my VHS subs of Tenchi Muyo to sweeten the deal, but so far no call back...
Since a company selling off property or an internal company makes money after the sell, their stock value goes up. When I first heard about Navarre wanting to sell off Funi, I immediately bought some shares and started waiting for the day this would finally happen. I'll be glad to sell them off, too (Navarre is such a piddly little company, haha).
Also, I'm not too worried about Funi. The way they have made it sound, Navarre and Funi are working together to base the sell on a little more than the amount of money being paid. I am optimistic that they will go to the right people.
good now maybe they will bring in more caseclosed episodes that ive been wanting

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