Take-Two Interactive Stonewalls FTC on Requests Related to EA Acquisition

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Take-Two InteractiveTake-Two Interactive has been fighting efforts to acquire the company by Electronic Arts tooth and nail, but in a filing with the U.S. Securities and Exchange Commission, Take-Two Interactive admitted to a surprisingly low delaying tactic.
Electronic Arts has been working with the Federal Trade Commission to demonstrate that the purchase would not be anti-competitive (giving EA too much market control over games or certain types of games). To that end, the FTC has requested documents from Take-Two Interactive, in addition to its information requests made to EA. Take-Two Interactive is arguing that the extent of these requests is too much of a burden on the company, and so is not cooperating with all of the FTC's requests, forcing the FTC to go to court to acquire the documents. This seems like a delaying tactic, designed to force EA to wait even longer before pursuing the combination, but seems like an unwise move. It's generally not smart to refuse to cooperate with a government agency that is working to protect consumers. Perhaps Take-Two has motives beyond prolonging the process to make things more difficult for EA, but those are hard to fathom.

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This page contains a single entry by Editor published on June 11, 2008 10:06 AM.

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