Printed from http://www.electronista.com

Intel finalizes McAfee buyout

updated 07:20 pm EST, Mon February 28, 2011

Deal cleared all regulatory hurdles

Intel has announced that it has completed its acquisition of computer security company McAfee, which has been added as a subsidiary that reports to Intel's Software and Services Group. The deal was worth $7.68 billion and required Intel to convince the European Commission that McAfee's products will maintain compatibility with hardware produced by competitors.

"With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services," Intel said in a statement.

As a subsidiary, McAfee will continue to sell security products under its own brand. The first products borne of direct collaboration between both companies are expected to arrive on the market later this year.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Sponsor

toggle

Most Commented

 
toggle

Popular News