Intel completes McAfee acquisition

February 28, 2011
US computer chip giant Intel said Monday that it has completed its $7.68 billion acquisition of computer security firm McAfee.

US computer chip giant Intel said Monday that it has completed its $7.68 billion acquisition of computer security firm McAfee.

Intel said that with the completion of the deal, becomes a wholly owned subsidiary of . McAfee will continue to sell security products and services under its own brand.

The Santa Clara, California-based Intel, whose processors power nearly 80 percent of computers worldwide, announced its plan to purchase McAfee, one of the world's largest anti-virus software companies, in August.

The acquisition received the green light from the in December and from European regulators in January.

"Intel has added security as a third pillar of what people demand from their experiences with personal computers and other connected devices," Intel senior vice president Renee James said in a statement.

"The acquisition of McAfee adds not only world-leading security products and technologies to Intel's computing portfolio, but also brings incredibly talented people focused on delivering products and services that help make connecting to the mobile Internet safer and more secure," James said.

Explore further: Intel says FTC approves McAfee acquisition

Related Stories

Intel says FTC approves McAfee acquisition

December 21, 2010

Intel said Tuesday that US anti-trust regulators have cleared its 7.68-billion-dollar acquisition of computer security firm McAfee but the deal is still being examined in Europe.

EU extends deadline for Intel's McAfee deal

January 6, 2011

(AP) -- Intel Corp. and security specialist McAfee Inc. have given commitments to help get European Union approval for the U.S. chipmaker's $7.68 billion takeover, European regulators said Thursday.

Intel buys McAfee for $7.7B in push beyond PCs (Update 3)

August 19, 2010

(AP) -- Talk about a new meaning for "Intel Inside." Intel Corp. wants to be inside your television. And your cell phone. And your car. And pretty much any other device that could one day connect to the Internet and require ...

Facebook teams with McAfee to tighten security

January 13, 2010

Facebook has announced an alliance with Internet security specialty firm McAfee to get user of the world's leading online social network to better protect their computers.

Recommended for you

Forget oil, Russia goes crazy for cryptocurrency

August 16, 2017

Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

Researchers clarify mystery about proposed battery material

August 15, 2017

Battery researchers agree that one of the most promising possibilities for future battery technology is the lithium-air (or lithium-oxygen) battery, which could provide three times as much power for a given weight as today's ...

Signs of distracted driving—pounding heart, sweaty nose

August 15, 2017

Distracted driving—texting or absent-mindedness—claims thousands of lives a year. Researchers from the University of Houston and the Texas A&M Transportation Institute have produced an extensive dataset examining how ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.