Chip giant Intel has agreed to purchase anti-virus and security developer McAfee Inc. for $48 /share, roughly $7.68 billion dollar in cash, a sizable improvement over its previous trading price of just around $30/share.
The deal is still pending shareholder approval and regulatory clearances, but both companies board of directors have approved the takeover.
“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 Paul Otellini, Intel president and CEO. “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.”
No major restructuring has been announced, with McAfee operating as a wholly-owned subsidiary, reporting into Intel’s Software and Services Group.
The prospects of the buyout are actually very intriguing. We could be seeing a whole new generation of tightly integrated hardware and software computer protection for both the consumer and enterprise levels.
“Threat Detected, System infected with AMD CPU. Quarantine immediately.”