July 29, 2011 - 9:09am
The Federal Trade Commission granted an approval for video game maker Electronic Arts to purchase PopCap Games.
In a move to better position itself in a competitive social game market EA decided to enter into a deal estimated at up to $1.3 billion to acquire PopCap that owns licenses for such popular video games as "Bejeweled" and "Plants vs. Zombies."
The FTC put the deal on a list of approved transactions. It issues the list several times a week.
EA expects the PopCap transaction to close in August, the company said earlier this month.