PopCap Games

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.

A video game publishing leader Electronic Arts Inc announced its plans to acquire PopCap Games for $1.3 billion a move to compete with the social and casual game makers.

EA said it would pay about $650 million in cash and $100 million in common stock upfront for the maker of the popular video games "Bejeweled" and "Plants vs. Zombies." EA could pay up to an additional $550 million if PopCap reaches certain performance targets in about two years.

EA's Chief Financial Officer Eric Brown said the deal would help EA better compete with Zynga.