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Intel spins off McAfee
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Intel spins off McAfee
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9th September 2016, 09:47
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,462
 |  Intel spins off McAfee Intel has admitted that its $8 billion acquisition of security outfit McAfee never quite worked out and is spinning the business off. Under the deal Intel will collect $3.1 billion in cash and retain a 49 percent ownership stake of McAfee. Meanwhile TPG will own 51 percent of the new company. TPG will make a $1.1 billion equity investment in McAfee, which will also take on $2 billion of debt. The deal is expected to close in the second quarter of 2017, Intel said. http://www.techeye.net/business/intel-spins-off-mcafee |
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