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FTC Approves Intel McAfee Deal

The US Federal Trade Commission (FTC) has given Intel the go-ahead to acquire security software vendor McAfee in a $7.6 billion deal.

According to a report by Reuters, the FTC has cleared the Intel-McAfee deal, although the European Commission is continuing to deliberate on the impact the acquisition will have on the security market.

The EC fears that Intel will give preferential treatment to McAfee over rivals when it adds security updates to its processors and microprocessors.

Intel said in a statement on its website: “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.”

The EC is not on overly friendly terms with Intel, after the regulator imposed a 1.06 billion euro fine on the company in May 2009 for anti-competitive trade practices against rival AMD.