Computer chip giant buys AV giant

Posted by   Virus Bulletin on   Aug 19, 2010

Intel becomes new owner of McAfee for the princely sum of $7.8bn

Intel, the world's biggest manufacturer of computer chips, is poised to acquire security giant McAfee - one of the 'big four' anti-malware vendors - in a deal worth $7.8 billion, the company's biggest acquisition in its history.

Under the terms of the deal, Intel said it would pay $48 per share in cash for the security firm - a 58% increase on the stock's closing price yesterday and the highest share price the firm has enjoyed in more than 10 years.

Intel plans to increase its security offerings with the acquisition, with Dave DeWalt, McAfee CEO saying: "We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience."

Details of the acquisiton can be found in an Intel news release here and in blog entries from McAfee's CEO David DeWalt here and CTO George Kurtz here. More on the deal is available at the FT here.

Posted on 19 August 2010 by Virus Bulletin

twitter.png
fb.png
linkedin.png
googleplus.png
reddit.png

 

Latest posts:

The SHA-1 hashing algorithm has been 'shattered'

Researchers from Google and CWI Amsterdam have created the first known collision of the SHA-1 hashing algorithm, making a very strong case to ditch it.

Throwback Thursday: Once a researcher...

VB was saddened to learn this week of the passing of one of the pioneers of the AV industry, Ross Greenberg. This Throwback Thursday we look back at an interview with Ross in November 1995.

VB2017: What is happening in the threat landscape and what are we doing against it? Submit a proposal in the VB2017 CFP!

Have you analysed a new online threat? Do you know a new way to defend against such threats? Then submit an abstract in the CFP for VB2017!

VB2016 paper: APT reports and OPSEC evolution, or: these are not the APT reports you are looking for

APT reports are great for gaining an understanding of how advanced attack groups operate - however, they can also provide free QA for the threat actors. Today, we publish a VB2016 paper by Gadi Evron (Cymmetria) and Inbar Raz (Perimeter X), who…

Security for your ears: recommended infosec podcasts

Industry veteran Mikko Hyppönen recently urged would-be security researchers to ditch their favourite pop music and listen to security podcasts on their commute to work instead. Virus Bulletin Editor Martijn Grooten shares his favourite security…