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TDK Tdk Corporation

11.84
-0.02 (-0.17%)
27 Sep 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Tdk Corporation TG:TDK Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.17% 11.84 11.745 11.90 12.17 11.76 11.935 23,384 22:50:10

TDK USA Concludes Sale of Its Interest

04/12/2003 7:00am

UK Regulatory


    Contacts:

Nobuyuki Koike

TDK Corporation

Tel.: 81-3-5201-7102
e-mail: nkoike@mb1.tdk.co.jp


Francis J. Sweeney

TDK U.S.A. Corporation
Tel.: 516-535-2888
e-mail: frank.sweeney@tuc.tdk.com

        TDK USA Concludes Sale of its Interest in TDK Mediactive, Inc.         

Tokyo - December 3, 2003 - TDK Corporation (NYSE:TDK) announced today that TDK
U.S.A. Corporation ("TDK USA"), a subsidiary of TDK Corporation, has concluded
the sale of its 73% stake in TDK Mediactive, Inc. ("TDK Mediactive") to
Take-Two Interactive Software, Inc. (NASDAQ:TTWO; "Take-Two").

The consideration paid for TDK Mediactive was approximately $17.7 million in
total.

Incident to the sale, the trademark license agreements covering the "TDK" and
"MEDIACTIVE" trademarks have been terminated, except for limited sell-through
rights respecting existing products, and TDK Mediactive has changed its
corporate name to Take-Two Licensing, Inc.

About TDK Corporation

TDK Corporation (NYSE: TDK) is a leading global electronics company based in
Japan. It was established in 1935 to commercialize "ferrite," a key material in
electronics and magnetics. TDK's current product line includes ferrite
materials, electronic components and ICs, wireless computer networking
products, magnetic heads for HDD, digital recording hardware and advanced
digital recording media. Net sales in FY2003 were approximately US$5.1 billion.
For more information about TDK, please visit www.tdk.com.





END



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