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EA satisfies FTC over Take-Two bid

News by Patrick Garratt Founder & Publisher (Former)

Published on July 8, 2008

According to an SEC filing, EA has satisfied the Federal Trade Commission's second round of information requests regarding its bid for Take-Two.

As previously reported, EA has agreed with the US body to hold off on a closing move for Take-Two until August 21 or until the FTC finishes its investigation into the deal, whichever comes sooner.

Despite Take-Two appearing to struggle somewhat to comply with the FTC's demands, EA's convinced any working to rule from the other side won't impact on its activities relating to the deal.

"Whatever happens with Take-Two's process doesn't impact [the FTC's] timing, because our agreement with the FTC provides that they complete their review within the 45 days," said Tiffany Steckler of EA's corporate communications.