More

    McAfee: The Security Software Company can be acquired for $14 billion

    It reported that the biggest Security software company McAfee will become private through a buyout from the investor group by confirming the deal valued at more than $14 billion, which the company was declared on Monday. Bloomberg has been first time reported about the likely deal that was imminent.

    McAfee had been founded in 187 by John McAfee and become popular for the computer antivirus software. McAfee the foundry, has left the company and the company 1994 was acquired by Intel in 2010 for $7.68 billion. In 2014, Intel declared about phasing out the McAfee brand name as the security software and will rebranding “Intel Security”.

    McAfee Corp to be taken private in $14-billion deal | Communications Today

    Last month the company has returned to the public stock market. In this McAfee told in the announcement that it will continue as a “pure-play consumer cyber security” company after the selling of its Enterprise business that becomes the private equity firm Symphony Technology Group for $4 billion in July.

    According to the company the deal that has been announced on Monday of selling to the investor group that has been contained Advent International Corp, Permira Advisors, and Crosspoint Capital Partners. It is expected that it will close within the first half of 2022.

    Security software company McAfee acquired for $14 billion by Advent  International Corp & others

    In this context John McAfee had led a troubled life after he had been deported from the company in 2012, he fled to Guatemala as the authorities in Belize had sought to question him about the connection with the neighbor’s murder. I March, he becomes charged with securities fraud over a “Pump and dump” cryptocurrency scheme, the authorities have said that he and also his bodyguard have persuaded their Twitter followers the investment in certain coins, after that they will sell their holdings the currencies while the prices increase. McAfee has found dead in the prison cell in Barcelona in June not too long after Spain had been approved him to the US for facing a tax fraud charge.

    A big thanks for the source.


    Get in Touch

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest Posts