PS2 News: Take Two Buys TDK Mediactive - PS2 News

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Take Two Buys TDK Mediactive

Take Two Interactive has finalized its acquisition of TDK Mediactive today, finally finishing up the deal that was proposed in September. Under the terms of the deal, Take Two will pay $12.8 million for TDK's 23,005,885 outstanding shares (a cost of $0.55 per share) and pay TDK Mediactive's former parent, TDK USA, $4.3 million in cash and $5.4 million in stock. The Shrek license isnít included in the deal, but since every Shrek game to this point has stunk, thatís not really a deal breaker. Take Two share value fell drastically after the announcement, certainly a big blow to all of our readers.

12/3/2003 Aaron Thomas

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