IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Intel McAfee deal given FTC green light

Intel awaits an EU decision on its McAfee deal as the FTC gives the go ahead across the pond.

Green light

The US Federal Trade Commission (FTC) has given Intel the green light to complete its acquisition of McAfee.

However, the chip maker could still come unstuck in Europe where a the $7.68 billion deal remains under review.

"The Federal Trade Commission has concluded its review of the proposed McAfee transaction and has cleared it," a brief note from Intel vice president of investor relations Kevin Sellers read.

"We are continuing to work with the staff at the European Commission as they continue their review."

Sources close to the matter in Europe have suggested the EU's anti-trust regulator had privately raised concerns during a preliminary review, according to a Wall Street Journal report.

The EU appears to harbour worries that if McAfee were to have access to Intel technology, then McAfee rivals would find it hard to get in on the process of designing chips with embedded security, the sources indicated.

One questionnaire sent to Intel from the EC posed questions around how security could be embedded into its chips and whether any processors could be designed to work solely with McAfee software, the WSJ reported.

Intel agreed to acquire McAfee in August, shocking the security world and leading to questions over the future of the security firm's software.

Earlier this year, Intel indicated the first fruits of the deal will emerge in the first half of 2011.

Featured Resources

Accelerating AI modernisation with data infrastructure

Generate business value from your AI initiatives

Free Download

Recommendations for managing AI risks

Integrate your external AI tool findings into your broader security programs

Free Download

Modernise your legacy databases in the cloud

An introduction to cloud databases

Free Download

Powering through to innovation

IT agility drive digital transformation

Free Download

Recommended

Delivering on demand: Momentum builds toward flexible IT
Whitepaper

Delivering on demand: Momentum builds toward flexible IT

30 Jun 2022
Calling all US-based SMBs
Hardware

Calling all US-based SMBs

28 Jun 2022
Intel pauses Ohio chip site development, citing delays in US CHIPS act subsidies
Hardware

Intel pauses Ohio chip site development, citing delays in US CHIPS act subsidies

24 Jun 2022
Intel becomes latest tech company to freeze recruitment
Careers & training

Intel becomes latest tech company to freeze recruitment

9 Jun 2022

Most Popular

FCC commissioner urges Apple and Google to remove TikTok from app stores
data protection

FCC commissioner urges Apple and Google to remove TikTok from app stores

29 Jun 2022
LockBit 2.0 ransomware disguised as PDFs distributed in email attacks
Security

LockBit 2.0 ransomware disguised as PDFs distributed in email attacks

27 Jun 2022
Former Uber security chief to face fraud charges over hack coverup
data breaches

Former Uber security chief to face fraud charges over hack coverup

29 Jun 2022