From the AP. Click the link for the full article.
"NEW YORK - Video game publisher Electronic Arts Inc. on Friday extended by nearly a month its tender offer for Take-Two Interactive Software Inc. but also lowered the price it will pay for each share of the "Grand Theft Auto" maker.
EA's offer will now expire on May 16 instead of 11:59 p.m. EDT Friday. As of Thursday, about 6.4 million shares of Take-Two had been tendered, representing roughly 8 percent of Take-Two's outstanding shares.
EA said it extended the deadline to comply with a second request it received from the Federal Trade Commission for information about the proposed acquisition. It's the second extension, the first came after Take-Two moved back the date of its annual shareholder meeting by a week."
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