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Forged on Dragonmount
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Intel in huge McAfee buyout
New York - Intel announced on Thursday it will acquire internet security firm McAfee for $7.68bn, as the computer chip giant seeks to expand its reach to mobile and wireless devices.
Intel, whose processors power nearly 80% of computers worldwide, said it would pay $48 per share for all of McAfee's common stock, a 60% premium on the security vendor's closing value on Wednesday. Boards of directors for both companies have unanimously approved the deal, which is still subject to approval from regulatory authorities. ___________ Source: News24
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HardwareHeaven News Mod
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Re: Intel in huge McAfee buyout
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