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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
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7 comments on “FTC requests more info from EA on Take-Two offer”

  1. LOL I give up.

    Bastards!

  2. There’s no escape! Tomorrow’s going to be solid GTA :D

  3. 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*

  4. Psychotext said:

    April 17th, 2008 at 6:13 pm

    So the AGM is today? Where can I find out some info?

  5. Psychotext said:

    April 17th, 2008 at 6:16 pm

    Here apparently:

    http://ir.take2games.com/

  6. Right here:

    http://ir.take2games.com/

    I’ve just done another story at the top of the site with some more info in it.

  7. Take a look at the top story. There’s a link through there to some more info.

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