FTC Wants More Information About Take-Two Takeover

Andy Chalk

One Flag, One Fleet, One Cat
Nov 12, 2002
FTC Wants More Information About Take-Two Takeover

The U.S. Take-Two Interactive [http://www.ftc.gov/].

The nature of the information requested by the FTC is unknown, but is presumed to be a part of the Commission's ongoing investigation of the potential takeover to ensure it will not violate anti-trust statutes. In a statement, the company said, "While EA believes that its proposed transaction with Take-Two would not be anti-competitive, the FTC has not yet reached any conclusions regarding the proposed acquisition and has indicated that it needs further information and additional time to conduct its review."

According to a 2K Sports [http://gamepolitics.com/2008/04/17/federal-trade-commission-digging-deeper-into-eas-t2-takeover-bid/]division. "Currently, (EA and Take Two) compete in pro basketball, college basketball and hockey," Pachter said at the time. "So by taking out all of that, EA has a monopoly in sports. If these guys have a monopoly, they're not going to cut pricing on sports games as quickly.

"We've been seeing sports games come down (in price) before Christmas the last couple of years," he continued. "That'll never happen again. That's worth a lot (to EA). Everything else is just gravy. GTA [http://www.rockstargames.com/iv]is just gravy."