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On May 11, 2005, Funimation was acquired by Navarre Corporation for US$100.4 million in cash and 1.8 million shares of Navarre stock. As part of the acquisition, Gen Fukunaga was retained as head of the company, transitioning to the position of CEO, and the company's name was changed from Funimation Productions to Funimation Entertainment.
Funimation Entertainment, along with OlympuSAT, launched the Funimation Channel on September 29, 2005, the second 24-hour anime digital cable network in North America (the first being A.D. Vision's Anime Network). [72] [73] OlympuSAT was the exclusive distributor of the channel. [73] On March 23, 2006, a syndicated block was announced for ...
In 2005, Funimation was acquired by the Navarre Corporation for US$100.4 million, Fukunaga still remained the company's CEO. In 2011, the company was sold to a group of investors which included Fukunaga himself. [12] In 2017, 95% of Funimation was sold to Sony Pictures Television Networks for US$143 million, with Fukunaga retaining a 5% stake. [13]
Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd acquired ownership of more than 5% of the company's outstanding stock, according to the SEC filing.
Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [1] The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [2]
The U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a ...
Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022, and ...
Navarre owned three subsidiary companies: a software publisher, Encore, Inc.; a distributor, Navarre Entertainment Media; and a Japanese anime distributor, Funimation, which was acquired in 2005 and divested in 2011 to founder Gen Fukunaga.