EU Approves Intel's McAfee Purchase After Interoperability Pledge 68
An anonymous reader tips news that the European Union has given their approval for Intel's purchase of McAfee for $7.7 billion after the chipmaker promised it wouldn't try to stifle competition for other security programs running on Intel hardware or McAfee software running on rival hardware.
"Under the agreement, Intel committed to providing other security vendors with the technology needed to tap the same functionality in its processors and chipsets available to McAfee. In addition, Intel pledged to continue having McAfee software support the products of rival chipmakers, which would include Advanced Micro Devices. The European Commission will monitor Intel for compliance. 'The commitments submitted by Intel strike the right balance, as they allow preserving both competition and the beneficial effects of the merger,' Joaquin Almunia, commission VP in charge of competition policy, said in a statement. 'These changes will ensure that vigorous competition is maintained and that consumers get the best result in terms of price, choice, and quality of the IT security products.'"
The US need an European Union (Score:2, Funny)
The US needs an EU-type agency to monitor our corporations and make sure they don't abuse the citizens, or monopoly power.
Re:7.7 BEEELIUN dollars (Score:4, Funny)
How could they be valued so high?
Never underestimate how rich one can become by catering to users' ignorance. But yes, I agree: I'm shocked, too!