Report: EU may delay Intel's McAfee acquisition
IDG News Service - European regulators are looking closely at Intel's planned McAfee acquisition and may hold up the deal with an investigation, according to a report published Friday.
The European Union is concerned about Intel's plans to embed security features directly into its microprocessors, The Wall Street Journal reported, citing unnamed sources.
Intel supplies the bulk of the world's PC chips, and the EU is concerned that if McAfee has "privileged access" to the security features it could put other security vendors at an unfair disadvantage, the Journal said.
The EU's antitrust regulator has "privately expressed concerns" about the deal during its preliminary review and could decide to subject it to a more in-depth examination, the Journal said.
Intel spokesman Chuck Mulloy declined to comment beyond saying that Intel is "continuing to work with regulators as they conduct their reviews."
A McAfee spokesman pointed to an update on the merger status McAfee posted to its website Thursday, which makes no reference to any concerns at the EU.
"We are happy to announce that all required pre-close regulatory filings around the world have been made and the matter is now under review in those respective jurisdictions," the statement says. "We expect that the deal will close some time in the first half of 2011 but do not have any further details to share at this time."
An in-depth merger review can hold up a big acquisition by several months. The EU had competitive concerns about Oracle's acquisition of Sun, and Oracle had to wait four months after the EU began its investigation to close the deal.
When Intel announced the US$7.7 billion acquisition, it said it expected to close the deal in the first quarter of next year, or even by the end of 2010, the Journal noted. A statement on Intel's website says it now hopes to close the deal in the first half of 2011, the Journal reported.
- Enable secure remote access to 3D data without sacrificing visual perfomance Design and manufacturing companies must adapt quickly to the demands of an increasingly global and competitive economy. To speed time to market for...
- Simplifying Product Design In A Complex World Product design engineering has moved far beyond the confines of ever-more powerful workstations. Companies can't afford to restrict projects to using only local...
- A Reference Architecture for the Internet of Things The aim of this is to provide Architects and Developers of IoT projects with an effective starting point that covers the major requirements...
- How to Reduce Hardware & Infrastructure Costs Through Data In this paper, we take a look at how organizations are revisiting their network and server architecture in a bid to address the...
- NSS Labs & Cisco Present: Evaluating Leading Breach Detection Systems Today's constantly evolving advanced malware and APTs can evade point-in-time defenses to penetrate networks. Security professionals must evolve their strategy in lockstep to...
- Will the Real Endpoint Threat Detection and Response Please Stand Up? This webinar explores new technologies & process for protecting endpoints from advanced attackers as well as the innovations that are pushing the envelope... All Hardware White Papers | Webcasts
Our new weekly Consumerization of IT newsletter covers a wide range of trends including BYOD, smartphones, tablets, MDM, cloud, social and what it all means for IT. Subscribe now and stay up to date!