Today Intel has announced that the Company had bought security software firm McAfee for $7.68 billion or $48 per share.This is somewhat interesting and shocking move from the chip company, it seems we will be getting security at the chip level itself.
According Intel, McAfee will operate as a wholly owned subsidiary within Intel’s Software and Services Group. I said this acquisition is shocking move because Intel is a hardware manufacturer, where as McAfee is a software developer.
But Intel chief executive Paul Otellini explains this is a apt move because security is the “third pillar of what people demand from all computing experiences,” behind energy-efficient performance and connectivity.
“The acquisition reflects that security is now a fundamental component of online computing. Today’s security approach does not fully address the billions of new Internet-ready devices connecting, including mobile and wireless devices, TVs, cars, medical devices and ATM machines as well as the accompanying surge in cyber threats. Providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services,”said Paul Otellini, Intel president and CEO.
Intel and McAfee board directors have already approved the deal and it’s expected to get McAfee shareholder approval and the customary regulatory clearances.
- Purchase of all of McAfee’s common stock for $48 per share in cash, valuing the deal at approximately $7.68 billion.
- McAfee will operate as a wholly-owned subsidiary, reporting into Intel’s Software and Services Group.
- Acquisition enables a combination of security software and hardware from one company to ultimately better protect consumers, corporations and governments as billions of devices – and the server and cloud networks that manage them – go online.
- Intel elevates focus on security on par with energy-efficient performance and connectivity.
- The acquisition augments Intel’s mobile wireless strategy, helping to better assure customer and consumer security concerns as these billions of devices connect.
- Intel has made a number of software-related acquisitions of leaders in their respective industries that also rely on great silicon, including Wind River, Havok and now McAfee.
Check more details about the acquisition over here