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EA Receives Second Anti-Competition Inquiry From FTC

Officials from Electronic Arts have announced that the company has received a second request for information from the U.S. Federal Trade Commission (FTC) over its ongoing attempts to acquire rival publisher Take-Two Interactive.

In a statement, Electronic Arts indicated that the company does not believe that its proposed "transaction" with Take-Two Interactive would be anti-competitive. The FTC though has not yet reached any conclusions regarding the matter and has indicated that it needs further information and additional time to conduct its review.

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gamasutra.com
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GutZ313299d ago

First time I can say "thank god for the FTC" and not be sarcastic about it.

LeShin3299d ago

AGREED!

EA can't see why the proposed take over of Take Two could be "anti-competitive"? lol hmmmm..... I guess it must be some other company's whose basketball series in particular seems inferior to the 2K sports versions :)

Jinxstar3298d ago

Best news I heard all week. So long as they at least ship a few boxes of games out the street date will be broken and EA wont delay us. 12 DAYS!

Lotto3299d ago (Edited 3299d ago )

This is great news indeed. The FTC could save Take Two if Take Two's shareholders give in

PS360WII3299d ago

Good call from FTC. lol at EA. They don't think it's anti-competitive to be the only sports game makers?!

heyheyhey3299d ago

fooking excellent

someone needed to do something

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