Acquisition not different than anticipated, says Riccitiello

Responding to a question concerning Take-Two's issue with an FTC investigative request, Electronic Arts CEO John Riccitiello said that the acquisition process isn't any different than the company had anticipated.

Take-Two was recently ordered by a US District Court to explain why it hasn't complied with an FTC subpoena that the company said would place an undue burden on it. A hearing has been scheduled for June 24 to resolve the matter.

Speaking to investors at the William Blair & Company's 28th Annual Growth Stock Conference, Riccitiello said that - while it was difficult to say more given the regulatory process and disclosure requirements and limitations - he didn't personally read a lot into Take-Two's actions.

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PS360WII3960d ago

yes they anticipated extending their offer 4 times... rrrright

Statix3959d ago (Edited 3959d ago )

And f**k Riccitiello in his smug, out-of-touch, never-played-a-game-in-his-lif e ass.

EA sucks a big one.