Intel offered concessions to regulators to get clearance
European Union (EU) antitrust authorities are likely to approve Intel’s proposed purchase of software maker McAfee in less than a week.
Reuters quoted sources who said the chip maker had recently offered concessions to the regulators in order to seek clearance for its $7.68bn purchase deal of the security software firm.
EU authorities were concerned that if Intel buys McAfee, vendor of security software, it could give McAfee technology an unfair advantage, considering Intel controls more than 80% the world’s processor market.
Among the concerns was the possibility that the new security-enabled chips might have features which only McAfee software could take advantage of.
Intel has already sought the approval from the US Federal Trade Commission last month.
By 26 January, the EU has to decide either to clear the deal or subject it to more investigation.