Intel buys McAfee in a $7.6 billion deal

By on August 22, 2010
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Anti-virus makers to add “third pillar’ of security to the firm.

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Intel said on Thursday that it was to buy security solution makers McAfee in a staggering $7.6 billion deal. With the acquisition, Intel hopes to redefine computing requirements which have largely been about energy-efficient performance and connectivity.

According to a Reuters report, under the terms of the deal, Intel will pay $48 per share in cash for McAfee, which would operate as a wholly owned subsidiary of Intel’s Software and Services group. The buy price is a 60% premium to McAfee’s closing price on Wednesday.

“In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences,” Intel CEO Paul Otellini said in a statement.

“The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure,” he added.


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Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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