Intel Corporation Purchase Security Firm McAfee For $7.68 Billion

Computer software and security company McAfee is now under the control of the Intel Corporation, who have bought the firm for $48 per share that totals $7.68 billion.

In the press release, Intel say that McAfee will still operate as a “wholly-owned subsidiary” that will integrate into Intel’s Software and Services Group.

Intel also say that the reasoning for purchasing the company was to “enable a combination of security software and hardware from one company to ultimately better protect consumers, corporations and governments as billions of devices – and the server and cloud networks that manage them – go online.”

McAfee are one of the most well known software security suites that focuses mainly on cyber security and helps in the fight against viruses, malware, spyware and other computer related issues.

McAfee have also just recently acquired the companies Trust Digital and TenCube that mainly focuses on smartphone security software, whereas Intel have also purchased cable modem product line — Texas Intruments.

Source: Tech Crunch