Intel to buy McAfee for $7.68 billion
Intel announced Wednesday that it plans to buy security company McAfee for approximately $7.68 billion.
The chipmaker says it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. The boards of both companies have approved the deal. Security has become an essential element of online computing, on par with energy-efficient performance and connectivity, Intel said.
"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Intel CEO Paul Otellini in a statement . "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.yst at Independent Security Evaluators who disclosed the hole at the security conference.
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