Intel divests McAfee after rough marriage

Intel’s finally washing its hands of McAfee after seven up and down years, which included a lawsuit last year from John McAfee, after whom the company is named.

The chip maker has divested its majority holdings in McAfee to investment firm TPG for $3.1 billion.

McAfee will now again become a standalone security company, but Intel will retain a minority 49 percent stake. The chip maker will focus internal operations on hardware-level security.

For Intel, dumping majority ownership in McAfee amounts to a loss. It spent $7.68 billion to acquire McAfee in 2010, which was a head-scratcher at the time. Intel’s McAfee acquisition will stand as one of the company’s worst acquisitions.

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from Computerworld News http://www.computerworld.com/article/3187440/security/intel-divests-mcafee-after-rough-marriage.html#tk.rss_news
from Tumblr http://2375823.tumblr.com/post/159185410143

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