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FTC approves Intel acquisition of McAfee

FTC approves Intel acquisition of McAfee

Intel has received a thumb’s up from the Federal Trade Commission for its proposed purchase of McAfee.

In August, Intel broke the news of its decision to buy the security vendor for $7.68 billion–the biggest acquisition in its 42-year history. Intel sees McAfee as a way to gain a greater foothold into a growing market of security-conscious businesses and consumers.

The FTC’s approval of the deal isn’t the only hurdle that Intel faces. Still pending is a review by the European Commission.

Regulators from the EC have reportedly expressed initial concerns over the antitrust implications of an Intel-owned McAfee. A recent Wall Street Journal story cited unnamed sources who said that regulators have questioned other security software vendors over the issue of Intel providing McAfee’s products with special access to certain chip features, thus giving them a leg up over competitors.

Read More/Source: C|Net

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