Simply amazing. They could have made her a bit hotter though.

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The US Federal Trade Commission has given Electronic Arts the go in it’s purchase of Take-Two Interactive, the creators of the controversial and successful Grand Theft Auto series.

“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,”

The FTC investigation was initially created due to fears that the merger would decrease competition in the video game industry.

EA and Take-Two’s initial deal at $2 Billion dollars expired on Monday and the companies are now in “strategic discussions” for a new deal. Take-Two originally considered the $2 Billion dollar valuation too low considering their owner ship of the Grant Theft Auto series, their ownership of several key sports games, and their ownership of Bioshock, the 2007 hit which is likely to have a movie and many more sequels.

Analysts expect the merger to commence before the end of the week.
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It’s official:

New York, NY— August 18, 2008 — Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today confirmed that it expects to sign a confidentiality agreement with Electronic Arts allowing EA to enter into Take-Two’s formal process to evaluate strategic alternatives. Read the full story