Chip maker says deal intended to beef up its mobile strategy
By Marc Ferranti – August 19, 2010 09:45 AM ET
IDG News Service – Intel said Thursday it plans to acquire security vendor McAfee in a cash deal valued at about $7.68 billion and aimed at enhancing the chip maker’s mobile strategy.
Both boards of directors have approved the deal, and McAfee is expected to become a subsidiary within Intel’s Software and Services Group.
“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow,” said Renée James, Intel senior vice president, and general manager of the group.
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