Intel today revealed the plan to acquire antivirus company McAfee in an all cash deal worth $7.68 billion. That equates to $48 per share, a 60% premium over McAfee’s Wednesday closing stock price of $29.93.
With this deal should help Intel serve the security needs of customers through a combination of hardware and software, particularly in the mobile and embedded segment, where it has struggled to expand its presence as more devices such as smartphones, televisions, medical equipment, and ATM machines go online.
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