EA Electronic Arts ticks higher amid report on European review of $55B takeover Electronic Arts (EA) edged higher by 0.3% amid a report that

EA Electronic Arts ticks higher amid report on European review of $55B takeover Electronic Arts (EA) edged higher by 0.3% amid a report that the video game maker and the consortium purchasing it for $55B are increasingly confident that the European regulator will approve the deal after a phase 1 review. The European Commission may clear the deal under the regulator's Foreign Subsidies Regulation, according to traders, who cited a Capitol Forum report that was circulating on Wednesday. The EC has set a July 30 deadline to decide to approve the deal or open a large-scale probe under the FSR rules. The buyer group filed with the European Commission last month, and the authority has until July 22 to decide to approve the transaction or move it into a more in-depth probe, according to a filing on the regulator's website. Private equity firm Silver Lake, Saudi Arabia's Public Investment Fund, known as PIF, and Affinity Partners agreed to acquire Electronic Arts (EA) for $210 per share in cash in late September. Link To Story from SEEKINGALPHA.com