Intel has acquired the popular anti-virus software company McAfee for $7.68 Billion or or $48 per share.
Intel says the “acquisition enables a combination of security software and hardware from one company to ultimately better protect consumers, corporations and governments as billions of devices – and the server and cloud networks that manage them – go online.”
Intel Corp.’s aquisition of McAfee Inc. may help Chief Executive Officer Paul Otellini, seen here, in his drive to expand beyond PCs by breaking into mobile handsets and landing more chips in other mobile devices.
The acquisition was announced by the world’s largest chipmaker Intel, Corporation yesterday.
Source : Bloomberg
