US Justice Department has given the go-ahead for Microsoft to purchase Internet appliance company WebTV Networks.
The Department's antitrust unit began a review of the $425 million acquisition four months ago but concluded at the end of last week that there are sufficient companies with competing products to allow the deal to go ahead.
"A significant number of players, both large and small, are focused on this emerging business opportunity. As a result of all this competition, consumers can look forward to rapid innovation and great value in Internet-enabled TV devices," claimed Craig Mundie, consumer platforms vice president at Microsoft.
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