FTC still curious about EA's proposed Take-Two takeover
The US Federal Trade Commission is seemingly still curious about EA's takeover plans, as it has sent the persistent publisher a second request for information regarding its proposed Take-Two encroachment. While the Madden house insists the transaction "would not be anti-competitive," the FTC has not yet reached the same (or any) conclusion.
The most recent development in the corporate courtship saw EA extending the deadline of its $26-per-share tender offer, which the current Take-Two management had deemed "inadequate." With the offer expiring tomorrow and the Grand Theft Auto publisher concluding its annual stockholder meeting today, we'll soon learn whether the takeover has any chance of taking off.
