FTC requests more info from EA on Take-Two offer
April 17th, 2008 @ 15:23
From here:
Electronic Arts Inc. said Thursday that it received a second request from the Federal Trade Commission in relation to its proposed $2 billion purchase of Take-Two Interactive Software Inc.
EA, which is the world’s largest video game publisher, said that while it believes the proposed acquisition would not be anticompetitive, the FTC hasn’t come to a conclusion and said it needs more information and time to complete its review.
Take-Two, best known for the popular “Grand Theft Auto” franchise, has repeatedly rejected a $2 billion buyout offer from EA, its larger rival. On March 13, EA began a $26 per share all-cash tender offer, which expires on Friday — the day after Take-Two’s annual shareholder meeting.
Bring on the AGM. Bring it right on.
Posted in: 2K, EA, Rockstar, Take-Two, Trade
Tags: buyout, takeover
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April 17th, 2008 at 3:24 pm
LOL I give up.
Bastards!
April 17th, 2008 at 3:26 pm
There’s no escape! Tomorrow’s going to be solid GTA
April 17th, 2008 at 3:29 pm
Excellent, I’ll stop off at the pet shop on the way to work and stock up on kittens.
You know, for stomping on.
Not ’stomping kittens’, though I’d definitely buy one if I could get one. Especially if they wore Oxblood Doc Martin boots and shaved their tails.
*wibble*
April 17th, 2008 at 6:13 pm
So the AGM is today? Where can I find out some info?
April 17th, 2008 at 6:16 pm
Here apparently:
http://ir.take2games.com/
April 17th, 2008 at 6:35 pm
Right here:
http://ir.take2games.com/
I’ve just done another story at the top of the site with some more info in it.
April 17th, 2008 at 6:37 pm
Take a look at the top story. There’s a link through there to some more info.