Agence France-Presse
Intel announced on Thursday it will acquire Internet security firm McAfee for $7.68 billion, as the computer chip giant seeks to expand its operations in the online market.
In a statement, Intel said it has entered into a definitive agreement to purchase all of McAfee's common stock at $48 per share, in cash.
Boards of directors for both companies have unanimously approved the deal, which is still subject to approval from regulatory authorities.
The acquisition of McAfee, one of the most popular
anti-virus software programs, underscores Intel's efforts to expand its reach to online and mobile devices such as mobile phone, televisions, cars and medical devices.
"Inside Intel, the company has elevated the priority of security to be on par with its strategic focus areas in energy-efficient performance and Internet connectivity," Intel said.
The two companies were seeking to "jointly explore future product concepts to further strengthen security in the cloud network and myriad of computers and devices people use in their everyday lives."
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=31389.0
Topic: McAfee Anti-virus Sold to Intel Chip Maker (Read 520 times)