Intel becomes new owner of McAfee for the princely sum of $7.8bn
Intel
, the world’s biggest manufacturer of computer chips, is poised to acquire security giant
McAfee
– one of the ‘big four’ anti-malware vendors – in a deal worth $7.8 billion, the company’s biggest acquisition in its history.
Under the terms of the deal,
Intel
said it would pay $48 per share in cash for the security firm – a 58% increase on the stock’s closing price yesterday and the highest share price the firm has enjoyed in more than 10 years.
Intel
plans to increase its security offerings with the acquisition, with Dave DeWalt,
McAfee
CEO saying: “We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience.”
Details of the acquisiton can be found in an
Intel
news release
here
and in blog entries from
McAfee
‘s CEO David DeWalt
here
and CTO George Kurtz
here
. More on the deal is available at the
FT
here
.
Posted on 19 August 2010 by
Virus Bulletin
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