LONDON – Intel Corp.'s proposed $7.68 billion acquisition of security software vendor McAfee Inc. could run into opposition from European Union anti-trust regulators, according to a Wall Street Journal
Intel's proposed move would expand its push into embedded applications, especially in the mobile space where security is becoming a key factor prior to the use of mobile phones for payments. However, the European Union is apparently concerned that McAfee, once owned by Intel, could gain an advantage over other software vendors due to privileged access to details of Intel's hardware.
Concerns expressed by the European Commission's competition directorate during a preliminary review of the deal are likely to lead to a lengthy examination, the WSJ
The Commission has sent out questionnaires asking other security-software companies if Intel could embed security functions in its chip and if they could be reserved to work only with McAfee software, the WSJ
Related links and articles: McAfee deal brings Intel into mobile securityAnalyst: McAfee buy moves Intel toward IBM modelMobile security group raises $14 million in round B