Intel Corporation, world’s largest semiconductor chip maker, agreed to acquire McAfee, a computer security and antivirus software company. Intel has agreed to pay out $7.68 billion ($48 per share in cash) to McAfee towards this deal which has been announced today. The boards of directors of both companies have approved the deal, which is expected to close following shareholder approval and regulatory clearances.
Indeed its a big deal for Intel too specially when it comes to security-oriented software company acquisition. However company feels that with growing popularity of computation, security has been an integral part and its time to have significant observation towards software security which makes its business too.
Intel president & CEO Mr. Paul Otellini said “With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online. In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.”
with impressive financials recently in recent quarters McAfee has stamped positive growth in future. This may be one of the key reason Intel got interested with McAfee. No matter what’s the correct intention behind this deal, one thing clearly stands out: Intel is taking security services & solution very seriously no matter its hardware integrated or software oriented. Intel has always proved itself and that’s why Intel is one of the market leader now.
Despite of takeover, McAfee will operate as a wholly-owned subsidiary, and it will be reporting to Intel’s Software and Services Group.