English
Intel Spins out Security Group
Rick Merritt
9/7/2016 07:30 PM EDT
SAN JOSE, Calif. – Intel Corp. will sell 51% of its security group to a private equity company for $3.1 billion in cash, spinning it off as an independent company to be called McAfee. Under former chief executive Paul Otellini, the x86 giant bought McAfee in 2010 for $7.68 billion.
Intel will retain 49% ownership of the new company in a transaction valuing the business at $4.2 billion. In a written statement, Intel called the new company “one of the world’s largest cybersecurity companies.”
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- Intel Announces Intent to Operate Programmable Solutions Group (PSG) as Standalone Business
- OpenHW Group Announces Tape Out of RISC-V-based CORE-V MCU Development Kit for IoT Built with Open-Source Hardware & Software
- Accellera's Security Annotation for Electronic Design Integration Standard 1.0 Moves Toward IEEE Standardization
- Intel signs 7 out of top 10 fabless companies, sees 18A test chip
- Intel Foundry Services Forms Alliance to Enable National Security, Government Applications
Breaking News
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity