- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
EU extends deadline for Intel’s McAfee deal
BRUSSELS (AP) - Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker’s $7.68 billion takeover, European regulators said Thursday.
Intel and the Commission declined to comment on the content of the commitments that were made. Intel spokesman Chuck Mulloy said the company “will work with the Commission to address the questions and get the deal done before the second half of the year.”
Companies can offer remedies, such as certain asset sales or other commitments, to address potential competition concerns on a deal. The extension of the deadline does not necessarily mean that regulators will indeed require remedies for the takeover to go ahead.
Intel, the world’s biggest maker of microprocessor chips, has said that the deal will allow it to sell security software alongside a raft of new chips it’s planning for a variety of devices, from computers, to cell phones to cars.
The Wall Street Journal reported last month, citing unnamed sources, that EU regulators were concerned that by incorporating McAfee’s security features into its chips, Intel would make it difficult for other security providers to compete. Intel’s chips are currently used in about 80 percent of the world’s computers and servers.
The deal, announced in August, would be the biggest acquisition in Intel’s history and has already been approved by U.S. regulators. Intel’s shares dropped 1.3 percent in morning trading on the Nasdaq.
TWT Video Picks
Taxpayers must pay the freight for over-budget train projects
- Kim Jong-un calls for execution of 33 Christians
- Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second
- Vietnam says it may have found door of missing Malaysian jet as intel look into stolen passports
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- Bill Clinton cashes in on struggling nonprofit hospital
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- EDITORIAL: Senate rejects Adegbile for Justice post
- Russias Putin nominated for Nobel Peace Prize
- U.S. deploys 12 F-16 fighter jets to Poland as exercise in response to Ukraine situation
- CPAC 2014 straw poll results
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again