The US Federal Trade Commission has extended the deadline it had imposed on Intel for settling the agency’s antitrust lawsuit.
Rumours were rife that the chipmaker had made a deal to make the FTC go away, but it is suspected that these came from the FTC itself. Intel is apparently a bit more aloof about it.
The FTC suspended its legal proceedings against Intel on June 21 so both sides could consider a proposed deal and they had until 12:01 am yesterday to agree.
If they didn’t, the case would head for a September trial. The extension pushes the deal date to 12:01 a.m. August 6.
Earlier this week, an Intel representative told us that he was surprised that news had come out saying that the two sides were close to a deal. He refused to comment on the matter.
Intel has denied wrongdoing although it was fined $1.45 billion by the European Commission in May last year and agreed a few months later to pay off AMD by writing a cheque for $1.25 billion.