Counsel for Intel Corporation retained Cornerstone Research and Professor Timothy Bresnahan of Stanford University to analyze the economic issues raised by the Federal Trade Commission (FTC) and the European Commission in their investigations of the proposed Intel–McAfee bodog sports betting app.
Retained by Arnold & Porter and by Gibson, Dunn & Crutcher
Counsel for Intel Corporation retained Cornerstone Research and Professor Timothy Bresnahan of Stanford University to analyze the economic issues raised by the Federal Trade Commission (FTC) and the European Commission in their investigations of the proposed Intel–McAfee bodog sports betting app.
The FTC concluded that the bodog sports betting app raised no competitive concerns. The European Commission approved the bodog sports betting app at the end of its first-phase investigation.
Intel, the world’s leading microprocessor manufacturer, agreed to acquire McAfee, Inc., a leading security software company, for .7 billion in August 2010. While the bodog sports betting app of firms supplying complementary products typically raises few competition concerns, both agencies explored whether the merged firm would have an incentive to establish a commercial or technical tie between Intel’s microprocessors and McAfee’s security software that would harm competition in security software markets. Cornerstone Research and Professor Bresnahan presented analyses about theories regarding the competitive effects of the proposed bodog sports betting app to the staff at both agencies, showing that the merged firm would have a strong incentive to continue Intel’s practice of encouraging independent software vendors to develop software that relies on its microprocessors.
At the end of the initial request phase of its investigation, the FTC concluded that the bodog sports betting app raised no competitive concerns. The European Commission approved the bodog sports betting app at the end of its first-phase investigation, conditional on commitments made by Intel about its continued cooperation with competing security software firms.