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EA won't make move on Take Two until after FTC probe

Ross Miller

Electronic Arts said today that it will not acquire publisher Take-Two until after the Federal Trade Commission finishes reviewing the acquisition for potential antitrust concerns (via Reuters). The FTC has until August 21 to complete its probe and we're betting they won't finish early.

After an innumerable amount of extensions, EA now says, because of the investigation, its offer to Take Two shareholders has been extended to July 18, the last day of E3 Media and Business Summit. We suspect there'll be some thrilling behind the scenes action going on next week.

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