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.
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