Tweet
December 21, 2010, 1:17 PM EST
By Ian King
(Adds purchase price, date in third paragraph.)
Dec. 21 (Bloomberg) -- Intel Corp., the world’s largest chipmaker, won clearance from the U.S. Federal Trade Commission to acquire McAfee Inc., bringing the company a step closer to expanding into the security-software market.
Intel, based in Santa Clara, California, announced the decision in a statement on its website. The company is still working with the European Commission as that organization reviews the purchase, Intel said.
In August, Intel agreed to buy the company for $7.68 billion, saying it will use the deal to create chips with built- in security. The acquisition of McAfee, also based in Santa Clara, would be the biggest purchase in Intel’s history.
Intel declined 5 cents to $21.18 at 12:46 p.m New York time on the Nasdaq Stock Market. McAfee rose 35 cents to $46.40 in New York Stock Exchange composite trading.
--Editor: Nick Turner, John Lear
To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.net
To contact the editor responsible for this story: Thomas Giles at tgiles5@bloomberg.net
Powered by WizardRSS | Work At Home Jobs
(Adds purchase price, date in third paragraph.)
Dec. 21 (Bloomberg) -- Intel Corp., the world’s largest chipmaker, won clearance from the U.S. Federal Trade Commission to acquire McAfee Inc., bringing the company a step closer to expanding into the security-software market.
Intel, based in Santa Clara, California, announced the decision in a statement on its website. The company is still working with the European Commission as that organization reviews the purchase, Intel said.
In August, Intel agreed to buy the company for $7.68 billion, saying it will use the deal to create chips with built- in security. The acquisition of McAfee, also based in Santa Clara, would be the biggest purchase in Intel’s history.
Intel declined 5 cents to $21.18 at 12:46 p.m New York time on the Nasdaq Stock Market. McAfee rose 35 cents to $46.40 in New York Stock Exchange composite trading.
--Editor: Nick Turner, John Lear
To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.net
To contact the editor responsible for this story: Thomas Giles at tgiles5@bloomberg.net
Powered by WizardRSS | Work At Home Jobs