Computer chip giant buys AV giant
Intel becomes new owner of McAfee for the princely sum of $7.8bn
Intel, the world's biggest manufacturer of computer chips, is poised to acquire security giant McAfee - one of the 'big four' anti-malware vendors - in a deal worth $7.8 billion, the company's biggest acquisition in its history.
Under the terms of the deal, Intel said it would pay $48 per share in cash for the security firm - a 58% increase on the stock's closing price yesterday and the highest share price the firm has enjoyed in more than 10 years.
Intel plans to increase its security offerings with the acquisition, with Dave DeWalt, McAfee CEO saying: "We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience."