Intel (INTC.O) has offered concessions to enable it win European Union regulatory approval for its $7.68 billion buy of security specialist McAfee Inc (MFE.N), the European Commission said on Thursday. The Commission, the regulatory watchdog of the 27-nation European Union, said on its website that it has extended the deadline to Jan. 26 from Jan. 12 after commitments to deal with competition concerns were submitted. Intel had already secured clearance from the U.S. Federal Trade Commission on Dec. 21 for the deal. The commission is concerned that Intel might embed certain elements of McAfee's virus-fighting technology in its widely used microprocessor chips for personal computers, giving it an unfair advantage over rivals, according to two people familiar with the case.
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