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.