Intel gobbles up McAfee for $7.68 billion |
Intel and McAfee are both very well known names in the technology world. Intel makes the processors that power just about everything you can think of from computers to set top boxes. McAfee is famous for its line of software that protects computers from viruses and other attacks.
Intel has announced today that it has made an offer to purchase McAfee and that McAfee’s board unanimously voted to accept the offer. The deal has Intel paying $48 per share in cash for McAfee stock with the total for the deal amounting to $7.68 billion.
McAfee will operate as a wholly-owned subsidiary of Intel. Intel reckons the deal will help it offer hardware and software solutions for security in all sorts of markets. The deal is subject to shareholder approval and other conditions.
TAGS: Intel, McAfee
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What a wonderful news! We don’t have to put up with Symantec any more!
As I have reported to Symantec Ethics about David Freer’s (VP, Symantec – Norton, APJ) misconducts (fraud, having dissented sex with me as he lied, using company resources for personal benefits – hundreds hours phone calls, hanging out with me during office hours, negative impacts on Symantec corporate image), what they do surprise me too. They basically ignore – never process the investigation, covering the serial lying & cheating criminal up, then threaten me. As Warren Buffet said when he decides which company is worth to invest, he values the CEO’s ethic and integrity the most. Being a senior management, David Freer shall walk the talks, instead he has set up a terrible example. How dare Symantec always campaign the company itself as defeat cyber criminals, but in the real world, Symantec acts just like robbers, mafia, & criminals. How ironic!