Intel in huge McAfee buyout

Callandor · Aug 21, 2010, 01:30 AM

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.

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Source: News24

**MIG-31** · Aug 21, 2010, 07:00 AM

Thanks...i have already posted this in hardwareheavens News Room..

Intel in $7.68bn McAfee takeover

Aug 21, 2010, 01:30 AM	#1
Callandor Forged on Dragonmount Join Date: Oct 2004 Location: Saskatoon, Saskatchewan, Canada Posts: 7,250 Rep Power: 304 System Specs	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 __________________

Aug 21, 2010, 07:00 AM	#2
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,860 Rep Power: 471 System Specs	Re: Intel in huge McAfee buyout Thanks...i have already posted this in hardwareheavens News Room.. Intel in $7.68bn McAfee takeover __________________ Please Post Your News Submissions Here