Take-Two Takes One
Take-Two acquires TDK.
Take-Two has purchased TDK for approximately 12ドル.8 million. That's made up of 0ドル.55 for each of the 23,005,885 outstanding shares and approximately 0ドル.2 million to retire outstanding stock options. In addition, as a condition to the purchase agreement, Take-Two has satisfied approximately 9ドル.7 million of outstanding liabilities between TDK and TDK USA, by paying 4ドル.3 million in cash and issuing 5ドル.4 million in restricted shares of Take-Two common stock to TDK USA.
"The addition of TDK's well established mass market and children's licensed properties will complement our portfolio of proprietary brands, and will provide an excellent platform for Take-Two to further expand and diversify its product offerings," said Jeff Lapin, CEO of Take-Two. "In addition, we believe our proven product development and marketing capabilities will enhance TDK's product offerings and our distribution resources will offer additional outlets for TDK's products."
Effective immediately, certain trademark license agreements covering the TDK and Mediactive trademarks have been terminated, except for limited sell-through rights respecting existing products. Also, effective immediately, TDK Mediactive is changing its corporate name to Take-Two Licensing, Inc.