Intel Wins Approval for McAfee Acquisition From FTC
Intel Corp., the world’s largest chipmaker, won clearance from the U.S. Federal Trade Commission to acquire McAfee Inc., bringing the company a step closer to expanding into the security-software market.
Intel, based in Santa Clara, California, announced the decision in a statement on its website. The company is still working with the European Commission as that organization reviews the purchase, Intel said.
In August, Intel agreed to buy the company for $7.68 billion, saying it will use the deal to create chips with built- in security. The acquisition of McAfee, also based in Santa Clara, would be the biggest purchase in Intel’s history. Integrating McAfee defenses into its products will make devices more efficient and secure, Intel has said.
