Acquisitions · Media (anime distribution)
Sony buys 95% of US anime distributor Funimation for about $143 million
- Buyer
- Sony (via Sony Pictures Television Networks) (Tokyo)
- Target
- Funimation Productions, Flower Mound, Texas
- Value
- About $143M for 95% (company valued at about $150M)
- Status
- Completed in October 2017 after US Department of Justice clearance on August 22, 2017.
- Date
- 2017-07-31
Sony agreed, through Sony Pictures Television Networks, to buy 95% of Funimation Productions, an anime distributor based in Flower Mound, Texas, for about $143 million. The deal valued Funimation at about $150 million.
Why it matters
The deal gave Sony a direct channel to bring Japanese anime to North American viewers, which it later expanded with the Crunchyroll acquisition.
Sources
Kakehashi M&A News home
