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Intel sells off majority stake in McAfee unit

Discussion in 'Network World' started by RSS, Sep 8, 2016.

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    RSS New Member Member

    Intel is selling off a majority stake in its McAfee unit and turning it back into an independent security company.

    Intel made the deal with investment firm TPG, which will own a 51 percent stake in the new McAfee company. Intel will own the remainder.

    As part of the deal, Intel is receiving $3.1 billion in cash. It originally bought McAfee back in 2011 for $7.7 billion -- a deal that caused some industry watchers to scratch their heads.

    Intel is best known as a chipmaker, but at the time it was also hoping to improve security around its products. PC security was a major concern back then, said Nathan Brookwood, principal analyst at Insight 64. But now cyberthreats are moving to target the cloud and servers.

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