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IT

McAfee spun out of Intel to become standalone firm

Tuesday 4 April 2017 | 08:40 CET | News
Intel has announced the completion of the deal with TPG to spin out McAfee from its Intel Security unit. In a statement, Intel said McAfee has now begun operating as a new standalone company, joining rivals such as Symantec as one of the world's largest pure-play cybersecurity firms. The move comes after Intel last year sold a 51 percent stake in McAfee to TPG for USD 3.1 billion, valuing the company at USD 4.2 billion, after acquiring it for a total of USD 7.7 billion in 2010.

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Categories: Internet / IT
Companies: Intel / McAfee / Symantec / TPG
Countries: World
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