Take-Two reaches agreement with FTC

By Patrick Garratt

According to this Reuters report, Take-Two has reached a deal with the FTC that will allow the firm to lessen the volume of information it’s providing to the body relating to its potential EA takeover.

“Take-Two said that it agreed with the FTC on Wednesday to continue to provide information, but limit the scope of information and access to witnesses in a way that will reduce the cost and distraction to its employees,” said the piece.

“The agreement will also avert the need for a hearing scheduled for June 24 by the U.S. District Court for the District of Columbia.”

More through the link.