TDK Completes $5-Million Equity Investment

TDK Mediactive Inc., formerly Sound Source Interactive Inc., of Calabasas has completed an equity investment by TDK USA Corp. TDK USA acquired approximately 16.6 million shares, 74% of Sound Source’s stock, for $5 million.

TDK USA is a subsidiary of TDK Corp., a manufacturer of electronic components and recording media products. Sound Source Interactive Inc. has been renamed TDK Mediactive Inc. to be compatible with the company’s European counterpart TDK Mediactive across Europe. TDK Mediactive will trade under the new ticker TDKM.OB.

The company publishes interactive software for personal computers and console systems.

The company has exclusive technology and content licenses with Sony Entertainment Corp., Microsoft, Universal Studios and others.