Intel’s $7.68 bln McAfee bid raises EU concern – WSJ

NEW YORK, Dec 17 (BestGrowthStock) – Intel Corp ‘s
$7.68 billion deal to buy security-software specialist
McAfee Inc is running into close scrutiny from
European officials that could delay the transaction, the Wall
Street Journal reported on Friday.

Citing people familiar with the matter, the newspaper said
the European Union’s anti-trust regulator had privately
expressed concerns during its preliminary review of the deal,
which could prompt the regulator to submit the deal to a
lengthy examination.

A key focus of the European review, the report said, is
Intel’s stated desire to incorporate security features into
its widely used microprocessor chips. The EU appears concerned
that if McAfee, by virtue of being owned by Intel, had
privileged access to those features, it could be difficult for
McAfee’s rivals to compete, they added.

Since Intel formally notified the European Commission of
the deal in late November — a procedural step that kicked off
the agency’s review — the commission has sent several
questionnaires soliciting opinions about the deal from other
security-software companies, the Journal’s sources said.

The questions focus on how Intel could embed security
functions into its chips and whether any of them could be
reserved to work only with McAfee software, according to one
questionnaire reviewed by the Journal.
(Reporting by Steve James; Editing by Ron Popeski)
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Intel’s $7.68 bln McAfee bid raises EU concern – WSJ