Publisher Electronic Arts today revealed that it has received a second request for more information from the Federal Trade Commission (FTC) regarding its offer of $26 per share to Take-Two.

While the details of the request were not divulged, it is inferred that the FTC thinks that the offer may be anti-competitive, considering that Take-Two is a major competitor to EA in the professional sports space.

While EA believes that its proposed transaction with Take-Two would not be anti-competitive, the FTC has not yet reached any conclusions regarding the proposed acquisition and has indicated that it needs further information and additional time to conduct its review.

In related news, Take-Two will broadcast a shareholder meeting later today at 6:30 PM EST. Should be interesting.

EA Receives Second Request From FTC

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Electronic Arts Inc. (“EA”) (NASDAQ:ERTS) today announced that it received a second request for information from the U.S. Federal Trade Commission (“FTC”) regarding its proposed acquisition of Take-Two Interactive Software, Inc. (“Take-Two”) (NASDAQ:TTWO).

While EA believes that its proposed transaction with Take-Two would not be anti-competitive, the FTC has not yet reached any conclusions regarding the proposed acquisition and has indicated that it needs further information and additional time to conduct its review.

Additional Information and Where to Find It

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities of Take-Two. The offer to purchase or solicitation of offers to sell is being made pursuant to a Tender Offer Statement on Schedule TO (including the Offer to Purchase, Letter of Transmittal and other related offer documents) filed by EA and EA08 Acquisition Corp. with the Securities and Exchange Commission, or SEC, on March 13, 2008. Before making any decision with respect to the offer, Take-Two stockholders are advised to read these documents, as they may be amended or supplemented from time to time, and any other documents relating to the tender offer that are filed with the SEC carefully and in their entirety because they contain important information, including the terms and conditions of the offer. These documents may be obtained at no charge by directing a request by mail to Georgeson, Inc., 199 Water Street, 26th Floor, New York, NY 10038, or by calling toll-free at (800) 213-0473, and may also be obtained at no charge at the website maintained by the SEC at http://www.sec.gov.

Read more: EA Extends Offer For Take-Two, EA Extends Take-Two Offer For A Fourth Time, EA Once Again Extends Take-Two Offer, EA Not Reupping Take-Two Offer, Take-Two: Say No To EA’s Offer