FUNimation Entertainment has announced that it has closed the deal for Sony Pictures Television Networks’ acquisition of the majority stake in FUNimation.

FUNimation CEO Gen Fukunaga retains position and a minority stake in the business, and FUNimation’s FAQ noted that its operations, streaming service, simuldubs, and release schedules will continue unchanged. The agreement values FUNimation at US$150 million.

Source: ANN