EA Delays its Take-Two Acquisition Attempts, Pending a Review by the FTC
Electronic Arts desperately wants to gobble up Take-Two in its entirety as quickly as possible, but with repeated failed attempts over the past several months, EA is going to have to wait even longer before it can have a chance at snapping up Rockstar’s parent company. EA has filed an SEC form agreeing not to complete its acquisition attempts of Take-Two until either the Federal Trade Commission completes its investigation or 45 days have passed since EA “substantially complied” with FTC requests, according to GI.biz.
The present EA offer for the company was last amended to expire on June 16 — something which has happened a number of times now. Back in April, the FTC requested information from EA as a part of its review of the $2 billion acquisition.
With the SEC agreement, it seems likely that we’ll be waiting past the June 16 deadline before we find out if (but more likely, when) EA will be acquiring Take-Two. I continue to beg the gaming gods to not let this happen, as I refuse to believe my two favorite sports franchises (NBA and NFL 2K) could be killed — and by the same company, no less.)