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Oculus Rift buyout by Facebook approved by FTC

Facebook has been cleared to purchase Oculus Rift for $2 billion by the US Department of Justice and Federal Trade Commission. According to Reuters, the approval was noted on a list of other proposed transactions the commission puts out several times a week. The $2 billion deal includes $400 million in cash plus 23.1 million […]

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Ftc headlines

  • Games industry best at enforcing age ratings, says FTC

    The US Federal Trade Commission has released the results of its latest investigation into enforcement of age ratings at retail, and we won.

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  • FTC praises US games regulatory board for responsible marketing practices

    The Federal Trade Commission (FTC) has revealed to the US Congress that the games industry does a better job with responsible marketing than any other form of entertainment advertisement. Different aspects cited were the large noticeable ratings on packaging, M-rated game ads not being shown before 10pm, and most notable is the fact that 80 […]

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  • EA deadline for Take-Two buyout passes today

    As GamePolitics reminds us, the deadline on EA’s extension to buy Take-Two shares ends today. A further extension is almost certain, given that the FTC is still investigating the merger, so expect to hear something on that either this evening or tomorrow morning.

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