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FTC gives greenlight to EA/Take-Two merger

No further action from Federal Trade Commission clears the way for possible acquisition

The Federal Trade Commission in the US has decided to take no further action in its investigation into the possible merger of Electronic Arts and Take-Two.

"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 parties.

The conclusion paves the way for any such acquisition to take place. EA had earlier agreed to delay any acquisition moves until the FTC had concluded its enquiry.

Earlier this week, EA allowed its tender offer for Take-Two to expire, and stated that it would sit down face-to-face with Take-Two to accept a presentation on the future of the Grand Theft Auto publisher.

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Matt Martin

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Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.

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