Electronic Arts announced this morning they have again extended their proposal offer for Take-Two to July 18 at 11:59 p.m. The previous deadline, last night before midnight, expired last night with no response from either company.
“Our offer price remains unchanged at $25.74 per share, which is a substantial premium to where Take-Two’s stock was trading [...]

The Entertainment Software Association spent more than $714,000 in the first quarter of 2008 for federal government lobbying, according to a report today by the Associated Press.
Among the issues that were lobbied by the group were First Amendment issues, video game piracy, parental control measures, and patent reform.
The ESA also lobbied several other organizations including [...]

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 [...]