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Friday, 28 January 2011 10:59

EC approves Intel's take over of McAfee

Written by Nick Farell
eu

But sets conditions
Chipzilla and the EU seem to have come to an arrangement over Intel's purchase of the security outfit McAfee.

The European Commission has formally approved Intel's $7.68 billion acquisition of security-software provider McAfee but set conditions on the deal. The Commission had been concerned that the deal would end up excluding competing security software from operating with Intel processors, but, as part of the conditions for merger approval, Intel agreed to make sure its products would continue to work with rival software.

"The commitments submitted by Intel strike the right balance, as they allow preserving both competition and the beneficial effects of the merger," Joaquín Almunia, the Commission's vice president in charge of competition policy, said. "These changes will ensure that vigorous competition is maintained and that consumers get the best result in terms of price, choice and quality of the IT security products."

Last August, Intel agreed to pay $48 a share for McAfee. At the time, the company said the transaction could close as early as the end of 2010.  Many thought that Intel would stick McAfee software into its chips but that now looks like that will not be the case.

The only question is now why Intel bought the outfit at all.


Nick Farell

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Comments  

 
0 #1 robert3892 2011-01-28 11:11
Intel has always provided 3rd party companies with enough technical details for security software so I'm really surprized that the EU would have objected in the first place
 
 
+9 #2 The_Countess 2011-01-28 13:34
Quoting robert3892:
Intel has always provided 3rd party companies with enough technical details for security software so I'm really surprized that the EU would have objected in the first place


with Intels market dominance, the potential was there. and their past behaviour in terms of anti-trust abuses doesn't fill me with confidence.
I'm glade they got assurances ahead of time instead of regrets after the fact.
 
 
0 #3 TechHog 2011-01-30 19:54
Quoting The_Countess:
with Intels market dominance, the potential was there. and their past behaviour in terms of anti-trust abuses doesn't fill me with confidence.
I'm glade they got assurances ahead of time instead of regrets after the fact.

Would it have really benefited them, however? I would think that doing something like that would only end up driving people to use AMD CPUs.
 
 
0 #4 GrumpyOldMan 2011-01-31 02:53
.

Intel wants the inside track on deep web apps.


.
 

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