MINNEAPOLIS, Apr 4, 2011 (GlobeNewswire via COMTEX) — Navarre Corporation (Nasdaq:NAVR) 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.

