We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Intel completes $7.7bn McAfee acquisition

McAfee to operate as Intel subsidiary

Intel has completed its $7.68 billion acquisition of McAfee, the chip maker announced on Monday.

The all-cash deal makes Intel a security industry powerhouse, giving it a broad range of consumer and enterprise security products. Though the acquisition has left some observers scratching their heads, Intel says it needs the McAfee technology to help it build security into its microprocessors and chipsets - especially as Intel looks to become more competitive in smartphones and other portable devices.

"Intel and McAfee believe today's approach to security does not adequately address the billions of new Internet-ready devices, including PCs, mobile and wireless devices, TVs, cars, medical devices and ATM machines," Intel said in a statement announcing the acquisition's close. "With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services."

Intel had been working to get the deal approved by US and European Union regulators since it was announced last August. The European Commission, in particular, had expressed concerns that Intel would give McAfee special treatment when it came to its processors and chipsets, locking other security vendors out of the technology. Those concerns had reportedly been threatening to hold up the deal, but late last month the European Commission announced that Intel had assuaged its concerns.

Although McAfee's technology can now be integrated into a wide range of Intel products, McAfee itself will be run as a subsidiary, operated out of Intel's Software and Services Group. That group is run by Renée James, who will now be the boss of McAfee chief Dave DeWalt.

McAfee is the world's second-largest security software company after Symantec.


IDG UK Sites

5 reasons not to wait for the Apple Watch: Why you shouldn't buy the iWatch

IDG UK Sites

Why local multiplayer gaming is rapidly vanishing: we look at the demise of split-screen and LAN...

IDG UK Sites

How Emotional Debt is damaging digital design

IDG UK Sites

iPhone 6 review: Apple's new iPhone is bigger, better & faster than ever before