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Federal Trade Commission ups investigation into EA

Electronic Arts has received a second request from the Federal Trade Commission in relation to its proposed $2 billion purchase of Take-Two.

According to Yahoo’s finance pages, EA said that while it believes the proposed acquisition would not be anticompetitive, the FTC hasn't yet come to a conclusion - and has asked for more information and time to complete its review into the approach.

Take-Two has repeatedly rejected a $2 billion buyout offer from EA. On March 13th, EA began a $26 per share all-cash tender offer, which expires this Friday - a day after
Take-Two's annual shareholder meeting in the US.

Keep checking back on Mcvuk.com for the latest information.

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Tags: Electronic Arts , ea , take-two

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