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Old 08-09-2011, 07:13 PM   #1 (permalink)
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Default Intel buys McAfee for $7.68 billion

I saw this on a couple of not-so-solid outlets but was able to backtrack it to a semi-reliable one (depending on your view of the BBC).

BBC News - Intel in $7.68bn McAfee takeover

Quote:
The world's biggest chip maker, Intel, has agreed to buy the security technology firm, McAfee.

Intel will pay $7.68bn (ú5bn) in cash.

Under the terms of the deal, Intel said it would pay $48 per share in cash for McAfee, almost 60% higher than its closing price on Wednesday.

Through buying McAfee, a leading security technology firm, Intel intends to build security features into its microprocessors which go into products such as laptops and phones.

The two companies said they had been working together for 18 months and that, should the takeover pass regulatory and shareholder approval, the first new products would be revealed early next year.

Both boards of directors have unanimously approved the deal.
Make of it what you will. Intel has the cash, but McAfee's software is not so great as far as security goes (not solely personal opinion... just look up some comparisons on the web). I will give McAfee one caveat in that their info is (usually) good even though they have been known to cry "Wolf!" from time to time.

It is still too early to really know how this one will play out. While in-built security sounds good, the end result usually ends up being more like hardware DRM.
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Old 08-09-2011, 07:15 PM   #2 (permalink)
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Default Re: Intel buys McAfee for $7.68 billion

I hope Intel knows what they are doing. McAfee makes me cringe, I hate that program.
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Old 08-10-2011, 07:30 PM   #3 (permalink)
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Default Re: Intel buys McAfee for $7.68 billion

Wow that's gonna screw Intel over. Mcafee sucks.
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Old 08-10-2011, 07:50 PM   #4 (permalink)
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Default Re: Intel buys McAfee for $7.68 billion

Oh wow, that's a surprising story...

Anyone seen any other motives(other than ones stated)? Has Intel been using McAfee software in it's products beforehand? Only from seeing 'working together for 18 months', don't suppose I'm missing something..?

( And the BBC is awesome )
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