Intel Wins Approval for McAfee Acquisition From FTC

Intel, the world’s largest chipmaker, won clearance from the Federal Trade Commission to acquire McAfee, bringing the company a step closer to expanding into the security-software market. Intel is still working with the European Commission as that organization reviews the purchase. 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 would be the biggest purchase in Intel’s history.