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Intel divests McAfee after rough marriage, will now secure hardware |
April 04, 2017
Intel's finally washing its hands of McAfee after seven up and down years, which included a lawsuit last year from John McAfee, after whom the company is named.The chip maker has divested its majority holdings in McAfee to investment firm TPG for US$3.1 billion.McAfee will now again become a standalone security company, but Intel will retain a minority 49 percent stake. The chip maker will focus internal operations on hardware-level security.For Intel, dumping majority ownership in McAfee amounts to a loss. It spent $7.68 billion to acquire McAfee in 2010, which was a head-scratcher at the time. Intel's McAfee acquisition will stand as one of the company's worst acquisitions.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/3187438/security/intel-divests-mcafee-after-rough-marriage-will-now-secure-hardware.html#tk.rss_all
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