back to article Imation buys TDK's recording media biz

TDK is to sell its recording media business to Imation for $300m in stock and cash. The deal is expected to close in calendar third quarter 2007. TDK will receive about $280m in Imation stock and $20m in cash. An additional $70m may flow into TDK coffers based on future financial performance. Under the agreement, Imation will …

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damn

Looks like I'm not gonna be using TDK discs any more... best stock up on them before the quality drops...

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