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Commission OKs Proposed Merger of HP and 3Com

(CN) - The European Commission has cleared Hewlett-Packard's proposed acquisition of 3Com Corp. after finding that the merger would not impede competition in Europe.

The EU governing body had investigated whether the merged company would dominate the market for switches and routers, as both HP and 3Com supply computer networking equipment.

But the commission determined that "the concentration would be unlikely to raise competition concerns," according to a press release.

"The Commission's investigation confirmed that the merged company would continue to face a number of global and effective competitors, giving customers the choice from a range of alternative providers for switches and routers," the press release states.

The commission also found that the merged company "will have a relatively limited position in networking equipment or IT services."

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