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

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

By CircleID Reporter
August 19, 2010, 7:54 pm PDT Views: 5,316 Add Comment

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.

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