FTC Blesses Intel's Buyout of McAfee
FTC Blesses Intel's Buyout of McAfee
Posted 12/22/2010 at 7:43am
| by Pulkit Chandna
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Intel’s $7.68 billion acquisition of computer security company McAfee is now one step closer to being completed having received the necessary regulatory approval from the Federal Trade Commission earlier this week. The Santa Clara-based chip maker is now awaiting European Commission’s approval so it can close the transaction, which it hopes to do in early 2011.
"The Federal Trade Commission has concluded its review of the proposed McAfee transaction and has cleared it. We are continuing to work with the staff at the European Commission as they continue their review," said Kevin Sellers, vice-president for investor relations, in a statement.
According to a recent Wall Street Journal report, the deal could come under heavy antitrust scrutiny after EU investigators expressed concerns about the deal in a preliminary review. Their main concern is that Intel’s plan to put security features directly in its chips could put McAfee’s rivals at a severe disadvantage.
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Lhot
December 23, 2010 at 3:53am
....destroy one of the worst AV products on the market.....one can hope :)
Caboose
December 22, 2010 at 10:49am
"Their main concern is that Intel’s plan to put security features directly in its chips could put McAfee’s rivals at a severe disadvantage."
I'm all for having some hardware security going on. Would greatly help cut down on malware, but if it's enabled to work only with McAfee software, that's an issue.
If they were to licenses the plugin or whatever to allow other AV apps to interact with the hardware security then thats fine.
Carlidan
December 22, 2010 at 8:55am
If you don't know why sometimes government intervenes then you don't understand jack. Think that statement sums it up.
someone87
December 22, 2010 at 8:21am
Our Government is way too big! They should *NEVER* be getting involved in sales like this.
If Intel wants to buy something (I don't give a crap what it is) the Governemnt should stay the hell out of it.
This is just so stupid........
deadsenator
December 22, 2010 at 1:05pm
....into the issue before you make statements like this. Allowing businesses to gain an unfair advantage is something that we need to do. I won't bore you with a dissertation, but you can go read examples for yourself. Here's one:
http://en.wikipedia.org/wiki/Monopoly
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