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TVG has the scoop.

Quote:
"The U.S District Court for the District of Colombia today ordered Take Two Interactive to show why it has not complied with a subpoena and civil investigative demand issued by the Federal Trade Commission.

The subpoena and CID was issued to provide additional information requested in connection with the FTC's review of the EA acquisition offer.

The District Court has confirmed that a hearing will take place on June 24th to determine whether Take-Two is required to comply with the subpoena and CID. The statement claims that if Take-Two cannot negotiate a settlement with the FTC prior to the hearing, then Take-Two intends to oppose the FTC's petition."

Member Comments
# 1 Knight165 @ 06/13/08 11:17 AM
Hmmmm....

Methinks someone at EA has a friend either at the FTC or the District Court.
Subpoena?.....for info from a company that DOES NOT WANT TO BE BOUGHT OUT...
Or is the FTC just in a little hissy fit because T2 is "dragging their heels" at not wanting to spend the probably millions(yeah...it probably does cost this much believe it or not) to get that info together and over to the FTC.

This whole "deal" is a huge joke. Just another example of EA bullying the competition. Friggin' Madden....it all stems from that. Would you people stop buying that garbage already?!(too late...they've already turned into a monster from that title)

M.K.
Knight165
 
# 2 mercalnd @ 06/13/08 11:31 AM
Quote:
Originally Posted by Knight165
Subpoena?.....for info from a company that DOES NOT WANT TO BE BOUGHT OUT...
Actually Take Two never said they don't want to be bought out. What they said was that they would negotiate after the release of GTA. Since that has passed, they said "the offer is still too low", not "we don't want to sell"...
 
# 3 allBthere @ 06/13/08 12:17 PM
Quote:
Originally Posted by mercalnd
Actually Take Two never said they don't want to be bought out. What they said was that they would negotiate after the release of GTA. Since that has passed, they said "the offer is still too low", not "we don't want to sell"...
they've also said something like 'we're exploring options, one of which includes staying independent.

I also like that class action lawsuit against EA by the people, since it could give EA and the NFL bad press - at least that's something.
 
# 4 Knight165 @ 06/13/08 01:11 PM
Quote:
Originally Posted by mercalnd
Actually Take Two never said they don't want to be bought out. What they said was that they would negotiate after the release of GTA. Since that has passed, they said "the offer is still too low", not "we don't want to sell"...
You're right.....I did take it to the extreme. They always did say "the offer is too low" and not "do dice at any cost".....but still....any way you slice it...right now the answer to EA is "no thank you" and I don't understand why logically the FTC is worried about a deal that is not in place...while they rubber stamp other deals that IMO are a little more significant with barely a look-see.

EA would just love the FTC to say..."nope, nothing wrong here" and that's just one less roadblock that someone might have on the EA side of the ledger. I just don't understand the hard push by the FTC right now other than what I stated above.....
Whatever......just business as usual, I suppose.

M.K.
Knight165
 
# 5 bkfount @ 06/13/08 02:02 PM
this is a highly informative article for a newsweek blog written by a former employee of the FTC. I've posted it in another thread, but anyone interested in the Take Two - EA deal should read his recent articles.

http://blog.newsweek.com/blogs/level...g-the-ftc.aspx
 
# 6 BigH2k6 @ 06/14/08 07:15 AM
Quote:
Originally Posted by bkfount
this is a highly informative article for a newsweek blog written by a former employee of the FTC. I've posted it in another thread, but anyone interested in the Take Two - EA deal should read his recent articles.
Very interesting read
 
# 7 savoie2006 @ 06/16/08 05:56 PM
Quote:
Originally Posted by Knight165
Hmmmm....

Methinks someone at EA has a friend either at the FTC or the District Court.
Subpoena?.....for info from a company that DOES NOT WANT TO BE BOUGHT OUT...
Or is the FTC just in a little hissy fit because T2 is "dragging their heels" at not wanting to spend the probably millions(yeah...it probably does cost this much believe it or not) to get that info together and over to the FTC.

This whole "deal" is a huge joke. Just another example of EA bullying the competition. Friggin' Madden....it all stems from that. Would you people stop buying that garbage already?!(too late...they've already turned into a monster from that title)

M.K.
Knight165
What a ridiculous post.How is it that EA is bullying the competition now or even has in the past.The Madden License deal was the NFL's fault.EA just had the money to get the deal.The FTC wanting Take Two to cooperate has nothing to do with EA,as they have agreed to cooperate already.
 
# 8 Knight165 @ 06/17/08 11:50 AM
Quote:
Originally Posted by savoie2006
What a ridiculous post.How is it that EA is bullying the competition now or even has in the past.The Madden License deal was the NFL's fault.EA just had the money to get the deal.The FTC wanting Take Two to cooperate has nothing to do with EA,as they have agreed to cooperate already.
EA has nothing to do with it?
Why is the FTC asking for the records of Take Two then?...because they have nothing else to do? (well obviously they don't, but that's another point)
So wrong on your first part of your post......and I never mentioned Madden, so don't bring in something I'm not speaking of...THAT is ridiculous

...and sorry, no matter how you look at it.....a takeover that is UNSOLICITED is bullying to some extent.
EA is not the first and only, so don't get in a little hissy fit over the wording.
Get over it and get real....

M.K.
Knight165
 
# 9 savoie2006 @ 06/17/08 12:25 PM
Quote:
This whole "deal" is a huge joke. Just another example of EA bullying the competition. Friggin' Madden....it all stems from that. Would you people stop buying that garbage already?!
You didn't mention Madden you say?EA only made a tender offer to the Take Two shareholders,that is hardly being a bully since it still leaves matters in the Take Two shareholders hands.
 
# 10 Knight165 @ 06/17/08 12:36 PM
Quote:
Originally Posted by savoie2006

You didn't mention Madden you say?EA only made a tender offer to the Take Two shareholders,that is hardly being a bully since it still leaves matters in the Take Two shareholders hands.
Again...you bring in Madden. I don't quite understand why you are associating that deal with what I'm saying. But once again....I SAID NOTHING ABOUT MADDEN or the NFL deal. It has zero to do with this.

and on it's basest level...yes the "decision" is in the T2 shareholders hands....but that's akin to a land developer coming into a neighborhood....gobbling up a large portion of it and then saying to the rest of the community....better sell us your home at $XXXX like your neighbor is or you're going to be out in the cold.
If you don't see that as "bullying"(okay you can argue semantics with me....we'll call it slightly devious) then I don't know what to tell you.
....and if the deal is totally in the hands of T2 shareholders like you say....WHY IS THE FTC "investigating" the deal? Hmmm...

M.K.
Knight165
 
# 11 savoie2006 @ 06/17/08 12:46 PM
Quote:
Originally Posted by Knight165
Again...you bring in Madden. I don't quite understand why you are associating that deal with what I'm saying. But once again....I SAID NOTHING ABOUT MADDEN or the NFL deal. It has zero to do with this.

and on it's basest level...yes the "decision" is in the T2 shareholders hands....but that's akin to a land developer coming into a neighborhood....gobbling up a large portion of it and then saying to the rest of the community....better sell us your home at $XXXX like your neighbor is or you're going to be out in the cold.
If you don't see that as "bullying"(okay you can argue semantics with me....we'll call it slightly devious) then I don't know what to tell you.
....and if the deal is totally in the hands of T2 shareholders like you say....WHY IS THE FTC "investigating" the deal? Hmmm...

M.K.
Knight165
I quoted where you mentioned Madden for you and all.Of course it has nothing to do with the current deal which is why I wonder why it was even mentioned.Anyways,the FTC has to investigate any possible merger or buyout.
 
# 12 Knight165 @ 06/18/08 12:28 AM
Quote:
Originally Posted by savoie2006

You didn't mention Madden you say?EA only made a tender offer to the Take Two shareholders,that is hardly being a bully since it still leaves matters in the Take Two shareholders hands.
Ahh...I thought it was obvious.....I meant the monies that Madden has brought in to EA making them a monster...LONG before the exclusive.....not the deal.
I actually think that was quite a bad deal for EA....but that is another matter.

M.K.
Knight165
 

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