Washington - A federal court has asked video game publisher Take-Two Interactive (NASD: TTWO) to explain why it has so far refused to comply with a subpoena from the Federal Trade Commission (FTC), requesting more information from the company as part of its review of a takeover bid from rival Electronic Arts (NASD: ERTS), The Wall Street Journal reported.

Take-Two, which has rejected EA's $2 billion buyout offer, saying it undervalues the company, said in regulatory filings that it will contest the FTC requests if it is unable to reach a settlement before a scheduled hearing on June 24 before the U.S. District Court in the District of Columbia.

Take-Two also said in the filing that it has provided the FTC "enormous quantities of data and access to key executives," and believes the FTC requests to be "unnecessarily broad and would entail unacceptable additional expense."

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