Electronic Arts extends takeover deadline

Posted by Humphrey Cheung

Redwood City (CA) – We reported earlier that Electronic Arts would release a statement about its takeover bid of Take-Two Interactive today and EA now says it’s extending the offer of $25.74 a share until Monday June 16th 11:59 PM.  EA adds that the extension will give the Federal Trade Commission time to review the acquisition for any antitrust violations.

Read more … AP via Forbes.