Yes, the license is compatible.
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The University of California at Berkeley released a large quantity of code (the Berkeley Software Distribution, BSD) that became the basis of the various *BSD systems. The original BSD license included an awkward advertizing requirement that was GPL-incompatible. After many requests (including notes that the license was GPL-incompatible), Berkeley decided to change the license in 1999 making this code GPL-compatible (the FSF has a page discussing the original BSD advertizing clause from their perspective).
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