Thursday, August 19, 2010

Intel Acquires McAfee For $7.68 Billion

Intel has agreed to acquire McAfee Inc. for approximately $7.68 billion ($48 per share in cash), the company announced today. The boards of directors of both companies have approved the deal, which is expected to close following shareholder approval and regulatory clearances.

It’s a huge deal for Intel, primarily a hardware company, to acquire a security-oriented software company, especially one as big as McAfee. However, Intel believes that security has become an integral part of computing, which makes it their business, too.

Read more about it over at Mashable...Intel Acquires McAfee for $7.68 billion!

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