A screen shot of McAfee SecurityCenter
(WEB HOST INDUSTRY REVIEW) — Intel (www.intel.com) announced on Tuesday via its website that it has received approval from the Federal Trade Commission for its proposed acquisition of McAfee.
In August, Intel announced it was planning to acquire the security vendor for $7.68 billion, making it the largest acquisition in its history.
The acquisition would boost Intel’s position in the ever-expanding market of security-conscious businesses and consumers.
The deal is still pending review by the European Commission. Industry insiders seem to have opposing opinions on whether or not the EC will approve the deal, according to a report by CNet.
A recent Wall Street Journal report cited unnamed sources who said that EC regulators are hesitant about allowing Intel to offer McAfee’s products with privileged access to select chip features because it would give the company a competitive edge.
However, JMP analyst Alex Gauna told Reuters that he does not see any issues for Intel in getting approval from the EC and that the deal is “simply taking a bit more time overseas than here”.
Intel was fined $1.45 billion by the European Union last year for engagining in illegal antitrust actions intended to hinder competing chipmakers.
The company said that it is currently working with the EC on the review.
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