Wednesday, January 26, 2011

Intel wins EU approval for McAfee deal


Intel's acquisition of data security firm McAfee Inc cleared its last major hurdle after EU regulators approved the $7.68 billion deal on condition Intel grant rival firms access to its technology.
World No. 1 chipmaker Intel said it now expects to close the acquisition, which it aims to use bolster the security of Internet-connected devices, before the end of the first quarter.
Intel secured clearance from the U.S. Federal Trade Commission on December 21 to acquire McAfee, the world's No. 2 maker of security software after Symantec Corp. The deal will be Intel's largest acquisition to date.
The decision on Wednesday by the European Commission, the EU competition watchdog, confirmed a Reuters report on January 20.

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