EU Voices "Private Concerns" Over Intel's McAfee Acquisition

The European Union has expressed "private concerns" regarding chip giant Intel's proposed $7.6 billion acquisition of security software maker McAfee.

According to The Wall Street Journal, the EU's concerns over the acquisition could cause a lengthy delay, spelling trouble for the chip maker.

Intel had originally planned to have the deal wrapped up by the end of 2010, but now hopes to close it during the first half of 2011.

Unnamed sources cited by the Wall Street Journal say that the scrutiny from the EU's anti-trust watchdog is the result of Intel's proposed plan to include McAfee's security technology in its own microprocessor chips, something the watchdog believes would stifle competition in the market.

Intel's vice president for investor relations said in a statement: “We believe the combination of Intel and McAfee will prove important in achieving breakthrough innovations in security and look forward to discussing in more detail our product plans and strategies after the transaction is closed.”