Jun

04

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

Posted by : Matthew Wild | On : June 4, 2008

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.

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  1. [...] Antitrust Commentary » EA Grants FTC an Extension to Review Its … Antitrust Commentary – Matthew S. Wild | Senior Counsel at Levitt & Kaizer … On June 4, 2008, Electronic Arts (video game maker) gave the FTC an extension of time under the HSR … [...]

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