Navarre seeks to sell anime subsidiary



By Chris Newmarker, Minneapolis – St. Paul Business Journal

Navarre Corp. is seeking to sell its Funimation Entertainment subsidiary, which distributes Japanese anime cartoons in the United States.

New Hope-based Navarre (Nasdaq: NAVR) said Thursday that it’s engaged investment bank Houlihan Lokey to assist it in structuring and negotiating a potential transaction for the sale of Funimation.”

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