(Update) TDK to Sell U.S. Game Unit to U.S. Company
Posted on: Thursday, 4 September 2003, 06:00 CDT
Tokyo, Sept. 4 (Jiji Press)--TDK Corp. said Thursday it will sell in November its entire 72 pct stake in U.S. game unit TDK Mediactive Inc. to Take-Two Interactive Software Inc. of the United States for 19.1 million dollars.
TDK, a major Japanese electronic parts maker, owns the stake in TDK Mediactive through TDK's U.S. holding company TDK USA Corp.
Take-Two, the fourth-largest game developer in the United States, plans to acquire the remaining stake in TDK Mediactive from other shareholders to take full control of the company.
The total acquisition will be worth around 22.7 million dollars.
TDK Mediactive is strong in the development of game software products that use cartoon characters, such as "Casper." In fiscal 2002, the company racked up sales of 42 million dollars.
Take-Two develops software for game machines produced by Sony Corp. , Microsoft Corp. and Nintendo Co. .
Related Articles
- Microsoft and Consumers Take Action Against Global Software Piracy
- NOM Takes a Minority Stake in the Production Facility of Plastinum Polymer Technologies Corp. BV in Emmen, The Netherlands
- Martha Stewart Living Omnimedia To Take Equity Stake in Pingg Corp.
- GraphOn Corp. Inks Reseller Agreement With Pre1 Software
- Joint Venture Inkai Signs Multi-Million Dollar Software and Services Deal With Mincom
- Games Take Center Stage at Expo
- The Game Institute and Muzzy Lane Software Introduce Online Video Game Training for Teachers
- NBC to Take Majority Stake in MSNBC
- Livedoor Aims to Take Majority Stake in Mail-Order Firm Cecile
- Standard Chartered Takes 20% Stake in Chinese Bank
 |
 |
User Comments (0)
RSS Feeds