A major hurdle has been passed in any kind of merger between Electronic Arts and Take Two Interactive. In a note on their web site, the Federal Trade Commission has stated that after looking at the possible deal to see if it violated any anti-trust laws it has concluded that "no additional action by the Commission is warranted at this time" and they now consider the matter closed..

EA let its formerly hostile takeover bid for Take Two expire earlier this week but now the two publishers are in talks to perhaps have some joint operations. Take Two has agreed to meet with EA to give them some confidential info about their financial numbers and future plans.

[Via Joystiq]