We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Intel offers concessions to win EU approval of McAfee buy

European authorities extend deadline for decision

Intel has made certain commitments to the European Union in an effort to push ahead with its proposed acquisition of McAfee.

Last August the two tech giants signed a binding plan of merger that would see the world's largest chip maker pay approximately $7.7bn for the security company. However the European Commission was concerned that Intel's plan to give McAfee access to its chip architecture would breach the EU's strict competition rules and launched an investigation.

The Commission has sent questionnaires to various security companies that compete with McAfee, asking for their opinions amid fears that Intel could build security functions into its chips that would only work with McAfee products. However, Intel has now proposed remedies to the Commission in an effort to avoid a longer four-month probe.

Neither party has revealed details of the commitments made, but the Commission has extended its decision deadline to January 26. The deal has already been approved in the US.

See also: Intel considered Symantec acqusition, says exec


IDG UK Sites

Best Christmas 2014 UK tech deals, Boxing Day 2014 UK tech deals & January sales 2015 UK tech...

IDG UK Sites

Apple's 2014 highlights: the most significant Apple news of 2014

IDG UK Sites

Watch this heartwarming Christmas short by Trunk for composer John Rutter

IDG UK Sites

Ultimate iOS 8 Tips: 35 awesome and advanced tips for using iOS 8 on iPhone and iPad