Intel to acquire McAfee for $7.7 billion

Published on .

Santa Clara, Calif.—In a move designed to strengthen its security offerings, Intel Corp. announced plans to acquire security technology company McAfee Inc. for about $7.7 billion.

Intel said it has elevated the priority of security to be on par with its strategic focus on energy-efficient computing performance and Internet connectivity.

Under the acquisition, McAfee will become a wholly owned subsidiary of Intel, reporting to Intel’s Software and Services Group. McAfee’s products include anti-virus software, Internet security and firewall protection.

The deal has been approved by the boards of both companies and is awaiting McAfee shareholder approval and regulatory clearance.

Most Popular
In this article: