, a publisher and distributor of software and home entertainment products, has signed an agreement to acquire 100% of both FUNimation Productions, LTD.
, and the FUNimation
partnership interests were bought at a price of approximately $100,500,000 in cash, as well as a large issuance of Navarre common stock (Nasdaq: NAVR). In total the deal is worth between $127 million and $150 million.
The transaction has yet to be closed, but will do so once customary conditions are met, including the expectation that Navarre has the proper funds to finish the deal.
More details can be read in the press release
At this time FUNimation
representatives declined to comment on the acquisition.