Intel says FTC approves McAfee acquisition
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.
"The Federal Trade Commission has concluded its review of the proposed McAfee transaction and has cleared it," Intel vice president for investor relations Kevin Sellers said in a note on Intel's investor relations website.
"We are continuing to work with the staff at the European Commission as they continue their review," Sellers added.
The Santa Clara, California-based Intel, whose processors power nearly 80 percent of computers worldwide, announced its plan to purchase McAfee, one of the world's largest anti-virus software companies, in August.
(c) 2010 AFP