As of August 31, 1998, Broderbund Software was acquired by Broderbund LLC. In June 1998, Broderbund Software, Inc. entered into a definitive merger agreement with TLC Merger Corp., a wholly owned subsidiary of The Learning Company, Inc. As of August 31, 1997, Broderbund Software, Inc. was engaged in the development, publishing, and marketing of a range of interactive personal productivity, entertainment, and education software for use in the home, school, and small business markets. The company sold its products through distributors, computer superstores, electronics stores, mass merchandisers, discount warehouse stores, office stores, software specialty retail chains, and educational dealers. In addition, Broderbund also sold its products directly to schools and to consumers through direct mail, telemarketing, and via the Internet. The company was founded in 1981.