UPDATE: EU Extends Deadline For Intel, McAfee Antitrust Probe
January 06 2011 - 6:25AM
Dow Jones News
The European Commission has extended its antitrust review of
Intel Corp.'s (INTC) proposed $7.68 billion deal to buy
security-software specialist McAfee Inc. (MFE) to Jan. 26, a
posting on the commission's website showed Thursday.
The previous deadline was Jan. 12.
The extension will give the commission time to analyse remedies
Intel has submitted to solve potential antitrust concerns posed by
the deal, the posting showed.
The commission, the European Union's executive arm and antitrust
authority, has concerns about the takeover, people familiar with
the issue told The Wall Street Journal in December.
Intel's plan to incorporate security features into its widely
used microprocessor chips is under scrutiny, according to these
people. The EU appears concerned that if McAfee, by virtue of being
owned by Intel, has privileged access to those features, it would
give the software company a clear advantage over its business
rivals, they added.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88;
alessandro.torello@dowjones.com
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