China's Ministry of Commerce gave MediaTek a green light to acquire 100% stake in Mstar under the condition that Mstar's TV chip division has to be spun off into a subsidiary of MediaTek and operate independently for three years, in order to ease the worries about a possible monopoly in the Chinese TV chip market, according to Taiwan's Economic Daily News on August 28. Mstar will transfer its smartphone chip and other wireless communications operations to MediaTek, the surviving company after the merger. As submission of a detailed working plan is required by the regulator in three months after the approval, the deal's conclusion date will be delayed to February 1, 2014.