FTC approves Intel's $7.68 billion purchase of McAfee

By on December 21, 2010, 3:26 PM
The Federal Trade Commission (FTC) has cleared Intel's proposed acquisition of McAfee for $7.68 billion, according to The Wall Street Journal. While US antitrust regulators have given the green light to the transaction, regulators in Europe are still examining the acquisition.

Intel and McAfee say they are still working with the European Commission to get the same approval, though there are whispers that the acquisition is running into particular close scrutiny by European officials that could delay the transaction, at the very least. Intel is confident the deal will be approved, but the company's stated desire to incorporate security features into its chips and other hardware could pose problems. The EU appears concerned that if McAfee had privileged access to Intel's chips and how they work, McAfee's rivals could have trouble competing.

Intel was originally hoping for the transaction to close by the end of the year, or maybe Q1 2011. The company has recently changed its expectations on the deal to the first half of next year.

Intel announced its intention to buy McAfee in August 2010, after it was approved by the boards of directors at both companies. If everything goes according to plan, the acquisition will be Intel's largest in its history.





User Comments: 6

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Guest said:

Lets just hope Intel can improve their old Newly purchased AV software.

matrix86 matrix86 said:

[Quote]the company's stated desire to incorporate security features into its chips and other hardware could pose problems

SWEET! I don't get enough crap that comes with my OS. Let's add crap I don't want to my processor. Thanks, Intel. I am soooo looking forward to this [/sarcasm]

nismo91 said:

Every Intel desktop boards will come with free 60-day trial of new Intel Antivirus software, powered by McAfee. Yeah like i'm gonna install that crap.

Guest said:

I don't want to sound rude, but why Mcaffe worth 7 billions?

Mizzou Mizzou said:

I don't want to sound rude, but why Mcaffe worth 7 billions?

That's a good question, used McAfee some years ago but got tired of dealing with it and dumped it.

Guest said:

Because McAfee only has one *real* competitor in the enterprise market: Symantec. I don't think it's after individual users that buy a PC that they are after, tough that is a good market tat will be "gravitationally" attracted (by way of crapware that comes preinstalled). So, this why I beleieve they thought McAfee could be worth as much. True, other AV solutions are as good or better that McAfee for individual users, but McAfee has a very high enterprise penetration and with things lie the ePO console and all the other features added beyond basic AV scanning, they are extremely difficult to remove from a company, except by Symantec.

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