Corporate & Securities Law

EA Grants FTC an Extension to Review Its Proposed Acquisition of Take-Two

By Matthew S. Wild

On June 4, 2008, Electronic Arts (video game maker) gave the FTC an extension of time under the HSR Act to review the potential competitive effects of its $2 billion proposed acquisition of Take-Two (maker of Grand Theft Auto).  Under the agreement, EA must give the FTC 45 days’ notice of its intention to close.  Parties often grant the Antitrust Division and FTC more time to review their transactions with the hope of convincing the agencies not to challenge the merger or to allow them to negotiate a remedy.

Full post as published by Antitrust Commentary on June 04, 2008 (boomark / email).