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.
