The European Union approved Cisco Systems Inc.'s proposed $6.9 billion purchase of Scientific-Atlanta Inc., AP reported.
The European Commission said Thursday that the deal does not pose any antitrust problems, adding, “The new combined entity would continue to face a number of strong competitors and new market opportunities, as well as relatively low barriers to entry, may attract new entrants.”
Cisco announced in January that the federal waiting period for its acquisition of S-A expired without U.S. regulators taking any action.
The San Jose, Calif.-based provider of network systems and Internet-protocol technology will operate S-A as a subsidiary, much as Cisco does with existing wireless-consumer-gear subsidiary Linksys. The two subsidiaries offer similar products in wireless networking, but S-A will add crucial video products for consumer markets.
Cisco announced its pact to acquire the set-top maker in November.