Federal Trade Commission extends talks with Intel to settle antitrust case by 2 weeks
By APWednesday, July 21, 2010
FTC extends antitrust settlement talks with Intel
WASHINGTON — Federal regulators will take at least two more weeks to work out the details of a proposed agreement with Intel Corp. to settle charges that the giant chipmaker violated antitrust laws.
The Federal Trade Commission said late Wednesday that it needs more time to consider and negotiate the proposed settlement, which was first announced last month.
The FTC brought antitrust charges accusing Intel late last year, accusing the company of using illegal sales tactics to preserve its dominant share of the market for computer chips. The case, which is before an administrative law judge at the FTC, had been put on hold for a month while the two sides tried to hammer out an agreement. That timeline was set to run out at midnight on Thursday.
