EU extends deadline for Intel's McAfee deal

Jan 06, 2011

(AP) -- Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker's $7.68 billion takeover, European regulators said Thursday.

The , the EU's antitrust watchdog, said that it has extended its deadline for reviewing the deal until Jan. 26 from Jan. 12.

Intel and the Commission declined to comment on the content of the commitments that were made. Intel spokesman Chuck Mulloy said the company "will work with the Commission to address the questions and get the deal done before the second half of the year."

Companies can offer remedies, such as certain asset sales or other commitments, to address potential competition concerns on a deal. The extension of the deadline does not necessarily mean that regulators will indeed require remedies for the takeover to go ahead.

Intel, the world's biggest maker of microprocessor chips, has said that the deal will allow it to sell alongside a raft of new chips it's planning for a variety of devices, from computers, to cell phones to cars.

The Wall Street Journal reported last month, citing unnamed sources, that EU regulators were concerned that by incorporating McAfee's security features into its chips, Intel would make it difficult for other security providers to compete. Intel's chips are currently used in about 80 percent of the world's computers and servers.

The deal, announced in August, would be the biggest acquisition in Intel's history and has already been approved by U.S. regulators. Intel's shares dropped 1.3 percent in morning trading on the Nasdaq.

(This version CORRECTS Corrects Intel's corporate designation. Adds statement, detail.)

Explore further: Japan's NTT to buy German data centre operator

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Intel buys McAfee for $7.7B in push beyond PCs (Update 3)

Aug 19, 2010

(AP) -- Talk about a new meaning for "Intel Inside." Intel Corp. wants to be inside your television. And your cell phone. And your car. And pretty much any other device that could one day connect to the Internet ...

Intel says FTC approves McAfee acquisition

Dec 21, 2010

Intel said Tuesday that US anti-trust regulators have cleared its 7.68-billion-dollar acquisition of computer security firm McAfee but the deal is still being examined in Europe.

EU defends action against Intel after report leaked

Aug 08, 2009

The EU Commission on Saturday defended its record-busting anti-trust action against Intel, following a report that it missed evidence which could have boosted the US computer chip giant's case.

Intel, FTC in talks to settle antitrust case

Jun 22, 2010

(AP) -- Intel Corp. and the Federal Trade Commission are in talks to settle an antitrust case against the chip maker, a move that could make it more difficult for rival chip makers to pursue damages.

Intel settles AMD claims but isn't off the hook

Nov 12, 2009

(AP) -- Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics, a rift that led to antitrust charges against Intel in several ...

Recommended for you

Japan's NTT to buy German data centre operator

2 minutes ago

Japanese telecom giant NTT Communications is looking to acquire German data centre operator e-shelter, as it seeks to cash in on growing demand in Europe, a newspaper reported Saturday.

Google hits back at rivals with futuristic HQ plan

Feb 27, 2015

Google unveiled plans Friday for a new campus headquarters integrating wildlife and sweeping waterways, aiming to make a big statement in Silicon Valley—which is already seeing ambitious projects from Apple ...

Ericsson sues Apple over patent violations

Feb 27, 2015

Swedish telecoms group Ericsson announced Friday a lawsuit against Apple claiming that the US tech giant continued to use its technology in iPhones and other wireless devices after refusing to renew a licencing ...

Stock market shrugs off net neutrality vote

Feb 27, 2015

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.