toggle

AAPL Stock: 121.3 ( -1.07 )

Printed from http://www.macnn.com

FTC greenlights Intel's buyout of McAfee

updated 04:40 pm EST, Tue December 21, 2010

FTC approves Intel purchase of McAfee

The near $8 billion buy of McAfee by Intel this past summer was finally approved by the Federal Trade Commission this week. The approval paves the way for the $7.68 billion deal to be completed sometime next year. The European Commission is continuing to examine the purchase, however, and Intel is continuing to cooperate with the governing body on the review.

The European Commission is concerned that the deal will give McAfee a significant advantage over its antivirus competitors, as it would have privileged access to the features of Intel's widely used computer chips. At the very least, this would mean the review will be extended.

In October, Intel believed the deal would be completed by year's end, but recently revised its schedule to early 2011.

Intel's interest in software security specialist McAfee stems from its wish to develop secure chips and related computer hardware. Some of its processors already have security measures but don't have full-fledged anti-malware support that could screen out viruses even past the OS. [via Wall Street Journal]




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented