GTAMP.com
22Aug/08

FTC gives EA permission to acquire Take Two

The Federal Trade Commission has cleared EA’s proposed acquisition of Take-Two following a lengthy investigation by its Bureau of Competition.

The non-public investigation into EA’s hostile takeover bid found that the potential merger wouldn’t substantially lessen competition in the games market, removing one of the remaining hurdles blocking a deal.

“Upon further review of this matter, it now appears that no additional action by the Commission is warranted at this time. Accordingly, the investigation has been closed,” reads a letter sent to both publishers.

Source: Edge

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