Sound Source Selling Control to TDK USA

Sound Source Interactive Inc., Calabasas, announced that it has agreed to sell a controlling interest to TDK USA Corp., a subsidiary of TDK Corp., in a stock purchase agreement worth $5 million.

TDK will choose the board of directors and the management of the new company, TDK Mediactive Inc., which will be headquartered in Calabasas. TDK Corp. is a $7 billion global electronics, recording media products and entertainment company. Sound Source Interactive produces nonviolent interactive entertainment software for computers and other platforms.