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Media Takeover
Posted by: jmet, 04:04, April 25, 2007 |
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Viewed: 901 Times |
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A huge merger in the recording media industry, as two of the very largest media brands are now joined to one via Imation's acquisition of TDK. The 300 million dollar deal transfers the TDK brand and TDK media business under the new ownership.
According to the press release, TDK will however continue R&D and manufacturing operations for recording media products including audio, video, data storage tape and Blu-ray media formats. The transaction includes a Supply Agreement to provide uninterrupted and continuing supply of TDK brand products on the market.
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