FTC gives green light for EA take over of Take-Two

[rdelizo35]

FTC gives green-light for EA's Take-Two buyout

16 Comments by Alexander Sliwinski Aug 20th 2008 2:45PM
Filed under: Business

The Federal Trade Commission has stated that it will not oppose EA's pursuit of Take-Two Interactive. Following an investigation, the government agency concluded that no antitrust issue will occur, but left the door open to "take further action as the public interest may require."

This means all systems are go for EA and Take-Two to come to some sort of amicable agreement over how to bring the companies together. If that doesn't work, EA will probably just go back to throwing money on the table until Take-Two is ready admit she can't deny the sugar.

Source - Closing Letter to one EA attorney
Source - Closing Letter to one Take-Two attorney

Note: I found this article from Pastapadre.com

[trobinson97]

Re: FTC gives green light for EA take over of Take-Two

Where's Captain Save-A-2K when we need him?

[CS10029]

Re: FTC gives green light for EA take over of Take-Two

I hate my life. So I have to play Live now?

[rdelizo35]

Re: FTC gives green light for EA take over of Take-Two

I hate my life. So I have to play Live now?

If EA is successful in buying Take-Two, NBA 2K might be a thing of the past. My guess is that they will concentrate on NBA Live instead of putting out two NBA games every year.

[chia51]

Re: FTC gives green light for EA take over of Take-Two

BOOOOO!!!!!!!!

[SPTO]

Re: FTC gives green light for EA take over of Take-Two

Where's Teddy Roosevelt and the trust busters when you need them?

Seriously EA is like the bully that takes everything from everyone then complains when nobody likes him.

[Bornindamecca]

Re: FTC gives green light for EA take over of Take-Two

Leave the Yankees out of this!

[Cebby]

Re: FTC gives green light for EA take over of Take-Two

It just bid'ness

[MC Fatigue]

Re: FTC gives green light for EA take over of Take-Two

If EA is successful in buying Take-Two, NBA 2K might be a thing of the past. My guess is that they will concentrate on NBA Live instead of putting out two NBA games every year.

If they own 2k, though, why be idiots and toss away the better product? Wouldn't it make sense, as a company out to make money, to put the product on the table that's going to earn them more (which I've got to believe is 2k, not Live).

[bkfount]

Re: FTC gives green light for EA take over of Take-Two

If they own 2k, though, why be idiots and toss away the better product? Wouldn't it make sense, as a company out to make money, to put the product on the table that's going to earn them more (which I've got to believe is 2k, not Live).

EA would actually benefit in shelving a franchise that's been around since 1999, as the potential difference in sales between Live and 2k will be irrelevant when EA releases the only multiplatform licensed sports games. Sony still has both a MLB and NBA game, so it's not like they're monopolizing the market either.

[Mizzou23]

Re: FTC gives green light for EA take over of Take-Two

Does Take Two develop College Hoops too, or is it just NBA2k?

[Pared]

Re: FTC gives green light for EA take over of Take-Two

CHoops is done. It is no longer in production due to the ridiculous fools handling the collegiate licensing.

Money talks.