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Intel to buy McAfee for $7.68 Billion, Biggest Acquisition in 42-Year History

Intel plans to buy security company McAfee for $7.68 billion — the biggest acquisition in its 42-year history. The chipmaker said Thursday it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. McAfee's stock closed Wednesday at $29.93, making Intel's offer a 60 percent premium. The boards of both companies have approved the deal.

Related Links:
Intel to buy McAfee for $7.68 billion CNET News, Aug.19.2010
Analysts: McAfee fits into Intel's future CNET News, Aug.19.2010

By CircleID Reporter – CircleID's internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us. Visit Page

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