Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News