Hertz Wins F.T.C. Approval of Its Deal for Dollar Thrifty Hertz Global Holdings moved closer to winding down one of the longer-running takeover sagas in recent memory, as the rental car company said on Thursday that it had won regulatory approval for its $2.3 billion takeover of the Dollar Thrifty Automotive Group. The long-awaited approval by the Federal Trade Commission came after Hertz agreed to sell additional airport locations, a person briefed on the matter told DealBook. The company had already agreed to sell its Advantage Rent a Car discount unit to Franchise Services of North America and Macquarie Capital and a number of other assets. Hertz announced its takeover of Dollar Thrifty in August, capping more than three years of pursuing its smaller rival, a period punctuated by a failed earlier bid. One of the main issues that had confronted Hertz was making sure that a deal -- which will leave three companies in control of three-quarters of the car-rental market -- would pass regulatory muster. Underpinning the deal was an understanding that Hertz could win over the F.T.C. through asset divestitures. "We have reached a compelling agreement with the F.T.C. and are pleased to finally move forward as one company," Mark P. Frissora, Hertz's chairman and chief executive, said in a statement. We have always believed that a combination with Dollar Thrifty is the best strategic option for both companies, and we look forward to becoming a stronger global competitive player in the industry. Hertz will now move to conclude a tender offer for shares of Dollar Thrifty, paying $87.50 apiece. The offer is set to expire on Friday at 5 p.m.