By Tony Romm - 03/29/10 06:19 PM EDT
The Department of Justice and European Commission on Monday approved Cisco's $3.4 billion bid for Tandberg, a Norwegian-based video conferencing company.
Ultimately, the deal makes Cisco -- the world's largest video
conferencing equipment manufacturer -- also the world's biggest video
Still, all signs seemed to point to a clean, completed $3.34 billion deal between Cisco and Tandberg, which company executives first announced last December.
In a release on Monday, DOJ officials stressed the Cisco deal would not prove anti-competitive.
Citing the European Commission's decision, DOJ regulators "concluded that the proposed deal is not likely to be anticompetitive due to the evolving nature of the video conferencing market."