Intel acquires McAfee for $7.68 billion

[HotelUser]

http://www.engadget.com/2010/08/19/i...-7-68-billion/

Well, we got our copy of McAfee Antivirus for $29, but it looks like Intel had something a little more substantial in mind. The latter has picked up the Santa Clara-based security / antivirus company for a cool $7.68 billion, which works out to $48 per share in cash. Intel informs us that it will function as a wholly owned subsidiary (under the control of its Software and Services group). This comes hot on the heels of the company's acquisition of TI's cable modem unit, and possibly signals a new focus on security for connected devices. "The cyber threat landscape has changed dramatically over the past few years, with millions of new threats appearing every month," said McAfee CEO Dave DeWalt."We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience." This has added a wonderful new phrase to the Engadget lexicon (and possibly even a name for our new garage band): Cyber Threat Landscape. PR after the break.

I wonder what Intel wanted to do with an antivirus company.

[xxMATTGxx]

Yeah I'm wondering that also David.

[Nixt]

Sell anti-virus software, I'd guess.

[AgnesIO]

Probably make it more expensive :L

If I had 7.68 billion dollars I think I would keep it :L

[Recursion]

McAfee do a lot more than antivirus guys.

Nice knowing we'll have a competent company behind the enterprise antivirus we use at school, may stop has having to move to NOD32 after that rediculous update they release that broke Windows.

[AgnesIO]

McAfee do a lot more than antivirus guys.

Nice knowing we'll have a competent company behind the enterprise antivirus we use at school, may stop has having to move to NOD32 after that rediculous update they release that broke Windows.

Can you link me to a list of things they do?? I am interested

[Recursion]

http://en.wikipedia.org/wiki/McAfee lol`

[GommeInc]

Is this first time anyone has heard of this offer? It seems to of been done in quiet Maybe McAfee haven't been doing so well in later years?

[dbgtz]

Is this first time anyone has heard of this offer? It seems to of been done in quiet Maybe McAfee haven't been doing so well in later years?

or maybe they were doing really well and some people wanted easy money.

[Apolva]

Maybe they will release a decent version for once?