SiliconBeat

Take-Two Interactive has agreed to fork over $3 million as a civil penalty related to allegations the company backdated options. Although the company took the step, “(w)ithout admitting or denying the SEC’s allegations”, Take-Two Interactive acknowledged to the District Attorney serving the U.S. District Court for the Southern District of New York “that certain of its former directors and officers engaged in Read the rest of this entry »

Electronic Arts and Take-Two Interactive, the maker of the popular Grand Theft Auto video games that EA tried unsuccessfully to buy prior to removing its bid for the company last week, signed a “confidentiality agreement” that prohibits both companies from “publicly disclosing the status or terms of any discussions or negotiations between EA and Take-Two unless EA or Take-Two notifies the other that it is terminating discussions.”

Last week, EA said it would now need to Read the rest of this entry »

Take-Two Interactive Software says it reached agreement with the Federal Trade Commission to “appropriately limit the scope of its production of information and witnesses” in connection with the FTC’s review of San Mateo-based Electronic Arts’ bid to buy the New York developer of entertainment software, including the blockbuster hit Grand Theft Auto IV, according to a
filing the company made with the SEC today. Read the rest of this entry »