RadioActive Posted October 29, 2010 Share Posted October 29, 2010 NEWS HIGHLIGHTS: Purchase of all of McAfee's common stock for $48 per share in cash, valuing the deal at approximately $7.68 billion. McAfee will operate as a wholly-owned subsidiary, reporting into Intel's Software and Services Group. 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 elevates focus on security on par with energy-efficient performance and connectivity. The acquisition augments Intel's mobile wireless strategy, helping to better assure customer and consumer security concerns as these billions of devices connect. Intel has made a number of software-related acquisitions of leaders in their respective industries that also rely on great silicon, including Wind River, Havok and now McAfee.SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation has entered into a definitive agreement to acquire McAfee, Inc., through the purchase of all of the company's common stock at $48 per share in cash, for approximately $7.68 billion. Both boards of directors have unanimously approved the deal, which is expected to close after McAfee shareholder approval, regulatory clearances and other customary conditions specified in the agreement. "Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow" The acquisition reflects that security is now a fundamental component of online computing. Today's security approach does not fully address the billions of new Internet-ready devices connecting, including mobile and wireless devices, TVs, cars, medical devices and ATM machines as well as the accompanying surge in cyber threats. Providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services.Read more Link to comment Share on other sites More sharing options...
irefay Posted October 29, 2010 Share Posted October 29, 2010 Why??? I wouldnt pay $48 for the ENTIRE company much less per share. They have name recognition but their product sucks. Link to comment Share on other sites More sharing options...
HX1 Posted October 29, 2010 Share Posted October 29, 2010 I technically, could not agree with you more... Link to comment Share on other sites More sharing options...
RadioActive Posted October 29, 2010 Author Share Posted October 29, 2010 Why??? I wouldnt pay $48 for the ENTIRE company much less per share. They have name recognition but their product sucks.Well, although I'm not particulary fond with McAfee security products, I still wouldn't go as far as that.Still, I can't understand the reasoning for spending such an absurd amount, I think Intel could have bought a smaller company that specializes in the same area that offer decent products and improved it, but then again it just might be mainly buying it for the name/publicity. Who knows... Link to comment Share on other sites More sharing options...
spootnack Posted October 29, 2010 Share Posted October 29, 2010 Why??? I wouldnt pay $48 for the ENTIRE company much less per share. They have name recognition but their product sucks.Well, although I'm not particulary fond with McAfee security products, I still wouldn't go as far as that.Still, I can't understand the reasoning for spending such an absurd amount, I think Intel could have bought a smaller company that specializes in the same area that offer decent products and improved it, but then again it just might be mainly buying it for the name/publicity. Who knows...Totally agreed.It's a strange choice but if it can boost McAffee, why not ?....++ Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted October 29, 2010 Administrator Share Posted October 29, 2010 So it's final now? I was waiting to see what would happen. Will help Intel in some ways. Link to comment Share on other sites More sharing options...
tipo Posted October 29, 2010 Share Posted October 29, 2010 7.68 billion??? that my monthly salary... :rolleyes: Link to comment Share on other sites More sharing options...
RadioActive Posted October 29, 2010 Author Share Posted October 29, 2010 7.68 billion??? that my monthly salary... :rolleyes:Earth to tipo, Earth to tipo; WAKE UP! :P Link to comment Share on other sites More sharing options...
LeetPirate Posted October 29, 2010 Share Posted October 29, 2010 Why on Earth would Intel want to buy out a failed Anti Virus company? Unless they plan to overhaul McAfee and get some real software engineers and programmers else McAfee is just a cancer to Intel. We all know McAfee can't produce good quality software to save their lives and they haven't been able to do it for the longest while. Link to comment Share on other sites More sharing options...
HX1 Posted October 29, 2010 Share Posted October 29, 2010 Yeah.. thats kind of my point in that too.. you pay 8 BIL for a POS... then have to strip it down bare-bones and rebuild and/or basically replace it... and turn it into something of your own.. or something else entirely.. I think it would have been better to start from scratch.... personally... You never know what it may be though.. Link to comment Share on other sites More sharing options...
Drolz Posted October 29, 2010 Share Posted October 29, 2010 they are talking adobe awhile back and now mcafee. the next one will be defragmenter.... :think:my bad, iwas thinking about microsoft not intel.... :lol: :D Link to comment Share on other sites More sharing options...
crezla Posted October 30, 2010 Share Posted October 30, 2010 McAfee and AVG were bought up by intel also the online linkscanner, somehow I think that they will either incorporate them into a new superAV or they will try and include these relevant technologies in some browser or security reliant product they are trying to come up with. <_< Link to comment Share on other sites More sharing options...
*dcs18 Posted October 30, 2010 Share Posted October 30, 2010 . . . . . . . . wouldn't bother me until Intel succeeds in transforming a 'failed' anti-virus into an 'epic-failure.' :unsure: Link to comment Share on other sites More sharing options...
HX1 Posted October 30, 2010 Share Posted October 30, 2010 I just want to keep seeing good chips coming from them.. unless they break new ground.. with something better and more encompassing to the players on the board right now... I wouldn't consider it a viable investment.. and hardware protection is probably going to be corporate and business level stuff.. like Cisco.. so it may just be something completely different.. more HIPS/HIDS... type.. Link to comment Share on other sites More sharing options...
myidisbb Posted October 30, 2010 Share Posted October 30, 2010 i guess all intel chip computers will require a trial version of mcafee instead of norton. Link to comment Share on other sites More sharing options...
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