ValueVision International Inc., Minneapolis, has received antitrust clearance from the Federal Trade Commission and the Department of Justice. The approval means the company has cleared a significant hurdle in a joint venture among ValueVision, GE Equity, and NBC to increase the cable distribution of ValueVision’s television and home-shopping network. The three companies also may develop Internet and other electronic opportunities.
ValueVision stockholders are expected to vote on aspects of the venture in June 1999.
Network
