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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Intel wins FTC clearance for McAfee deal Reuters - Wednesday, December 22 Send IM Story Print LOS ANGELES - Intel Corp has won approval from the Federal Trade Commission for its proposed $7.68 billion acquisition of security specialist McAfee Inc, the chipmaker said. Intel said it was continuing to cooperate with the European Commission's review of the deal. European Union officials appear concerned that McAfee could gain privileged access to security features on Intel's microprocessor chips, which could give McAfee an advantage over rivals, the Wall Street Journal reported last week. "I'm not anticipating any trouble on that front," said Alex Gauna, an analyst with JMP Securities. "My supposition here is that it is simply taking a bit more time overseas than here, and obviously Intel has had its recent wrangling with the European Union, which may be throwing just another dimension of complexity into the process," he said. The EU levied a record fine of 1.06 billion euro against Intel in May 2009 for illegally shutting out rival Advanced Micro Devices Inc. On Tuesday, Intel said on its website, "The Federal Trade Commission has concluded its review of the proposed McAfee transaction and has cleared it." It added, "We are continuing to work with the staff at the European Commission as they continue their review." Gauna, who has a "market outperform" rating on Intel, said that with the industrywide shift to cloud computing where sensitive data is moved online, security is a chief concern and Intel's acquisition of McAfee would bolster its efforts in that area. Intel shares were down 9 cents at $21.14 in afternoon Nasdaq trade. Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - Wednesday, December 22 Microsoft said to plan new Windows for tablets Reuters - Wednesday, December 22 Analysis: Will Google follow Microsoft in EU probe? Reuters - Wednesday, December 22 Intel says FTC approves McAfee acquisition AFP - Wednesday, December 22 Venezuela press freedoms under threat: analysts AFP - Wednesday, December 22 News Search Top Stories Russia investigates Bank of Moscow over loan Zsa Zsa Gabor's prince glues own eye shut Obama congratulates Iraq on new government Fears grow of euro-style debt crisis in US states Europe airport chaos slammed as snow misery grows More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended US gets tough on shark fins Lunar eclipse makes memorable solstice Japan bio-scientists produce 'singing mouse' Brazil overtakes Germany as 4th biggest car market Autistic children lack visual skills: study More Most Viewed » NASA finds new form of life... on Earth Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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