The drama of Electronic Arts' desire to acquire Take-Two Interactive continues to unfold. Take-Two initially told EA that it would wait until after Grand Theft Auto IV's release to enter into serious acquisition talks. Today, GameIndustry.biz reports that EA "has filed a form with the SEC in which it agrees not to consummate the acquisition of Take-Two until the FTC [Federal Trade Commission] has closed its investigation or until 45 days have elapsed from the time that the company 'substantially complied' with the FTC's request for information."

EA's offer expires on June 16. Since GTA IV's release, Take-Two has not shifted its stance in any capacity, though the company is slated to release its earnings tomorrow, June 5.