Intel buys McAfee

Intel will acquire all shares of McAfee security products company for 7.7 billion

Big deal: Intel announced today that a manufacturer will purchase the anti - virus McAfee for 7.7 billion dollars in cash, or 48 dollars per share, while chip giant is trying to increase its foothold in the field of computer security services. The deal, Intel will acquire all shares of McAfee premium of 60% over the closing price of McAfee's stock on Wednesday. McAfee shares jump 58% now in opening trade on Wall Street before following the deal. Dyrktoriuny both companies unanimously approved the deal, which still depends on regulatory approval. The deal, McAfee will work to a division of Intel.
"In the past, effective performance and connectivity requirements are defined the computers, but with the rapid expansion of the Internet multiplicity of networked devices, more and more parts of our lives have become online," said Paul Otellini, Intel CEO, the company statement. "In the future, also will join security The third element that a consumer will demand from his computer. "Intel manufactures chips, the maker of PC processors in the world's largest, are installed in more than 80% of the world's personal computers. With the acquisition of McAfee, which was founded in 1987 and is considered the largest security company in the world, Intel has a significant share of the technology security market, is expected to grow rapidly in recent years with the growing number of Internet users. McAfee reported in 2009 on revenue of $ 2 billion and gross profit margin of 80%.