Showing posts with label PROFIT. Show all posts
Showing posts with label PROFIT. Show all posts

It's Millerite Time!

Posted by Bruce Lewis on Monday, April 25, 2011
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Judgement Day is apparently scheduled for May 21. Full details in my latest blog post.

Navarre: finis FUNI

Posted by Bruce Lewis on Wednesday, April 06, 2011
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Navarre Corporation
Monday April 4, 2011, 5:54 pm EDT

Navarre Corporation today announced that it has sold FUNimation Entertainment for $24 million in an all cash transaction. Purchasers in the transaction are a group of entities that were newly formed by an investment group that includes Gen Fukunaga, FUNimation Entertainment's chief executive officer, as a minority stakeholder. In connection with the sale, the Company has entered into an agreement to act as FUNimation Entertainment's exclusive distributor in the United States on a continuing basis, and will also act as FUNimation Entertainment's logistics and fulfillment services provider.

MOAR
1. Gen Fukunaga sells FUNI to Navarre for $142 million in 2005
2. ???
3. Gen Fukunaga buys FUNI back from Navarre for $24 million in 2011
= ($118 million) PROFIT!

THAT'S SHOWBIZ, FOLKS!