Electronic Arts has agreed with the Federal Trade Commission to hold off on buying Take-Two, according to a report today on Reuters.
The agreement, which will last until either regulators complete their probe or 45 days pass, was put in place for the FTC to more thoroughly review the nearly $2 billion proposal made by EA over two months ago.
Shares for Take-Two rose 1 percent to $27.37, as did EA’s from 1.4 percent to $49.25 as of late this morning on Nasdaq.
EA makes deal with FTC to wait on Take-Two deal - [Reuters]
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