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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 ...
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]
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]
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 ...
The stock of Trump Media, or TMTG, tends to move more with Trump’s re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late.
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 ...
Parent Japanese company ceased in-house distribution of its own titles, many of which have been re-licensed by Funimation [14] [15] and Sentai Filmworks. Parent company "Geneon Entertainment" then sold off its own ownership to NBCUniversal subsidiary UPI, which then merged Geneon with its own "Universal Pictures Japan" division on February 1 ...