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.


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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