Newsflash Signup

Jolt News Sponsor July 09

No EA-Take Two deal until August 21st

Bookmark with Social network
No EA-Take Two deal until August 21st

Federal Trade Commission demands result in yet another delay in buyout saga

Next-gen has reported that EA cannot acquire Take Two until August 21st due to a Federal Trade Commission request for more information related to the proposed $2 billion deal.

EA has agreed to comply with the FTC’s demands, having previously set a decision deadline for Take Two of July 18th.

Despite EA’s continued pursuit of its acquisition target, Take Two has rejected each approach as “inadequate”, and stated last time that EA’s approach “significantly undervalues” the company.

It also re-iterated that it is pursuing possible ‘business combinatons’ with other parties, which the Board believes will give Take Two’s shareholders better value.

Advertisement

Koch

Leave a Comment

Captcha
Jolt News Sponsor July 09
MCV

ABOUT US

MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets

Intent media, Company number 03641099