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The feds take Take Two to court over merger with EA

Now things are getting interesting. Remember how Electronic Arts announced they would hold off on their bid to merge with Take Two Interactive while the Federal Trade Commission conducts an investigation on said deal? Well apparently Take Two doesn't want to play ball. According to a story in Reuters the FTC issued a subpoena to Take Two asking for documents in their investigation of the merger proposal. The problem? Take Two has refused to comply with the subpoena.

Now the The U.S. District Court for the District of Columbia will hold a hearing on June 24 to see if Take Two should be compelled to respond to the FTC's subpoena. The big question is: what, if anything, is Take Two trying to hide from the FTC? Stay tuned.

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