Intel agrees to buy McAfee for $7.68B

By Associated Press
Posted Aug. 19, 2010 at 7:46 a.m.

Chip maker Intel says it has agreed to buy computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share. Intel Corp., which is based in Santa Clara, Calif., said the deal highlights “that security is now a fundamental component of online computing.”

The per-share price represents a 60 percent premium over McAfee’s Wednesday close of $29.93. Shares surged 58 percent after the deal was announced Thursday to hit $47.42.

Both boards of directors have unanimously approved the deal. The deal still requires McAfee shareholder approval and regulatory clearances.

McAfee is also based in Santa Clara.

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One comment:

  1. SPIN DOCTOR Aug. 19, 2010 at 1:35 pm



    Intel can plant a open bug door in your puter

    and then you hire McAfee to guard it.