Intel has entered into a deal to acquire McAfee for approximately US$7.68 billion.
Intel makes computer chips and McAfee specialises in security. The acquisition recognises that security is now a fundamental component of online computing.
“Today's security approach does not fully address the billions of new internet-ready devices connecting, including mobile and wireless devices, TVs, cars, medical devices and ATM machines as well as the accompanying surge in cyber threats,” said Intel. “Providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services.”
Highlights of the deal include:
"The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure."