Intel Acquires McAfee for 7.68 Billion USD

Unexpectedly, the chip giant Intel Corporation has entered into a definitive agreement to acquire the security-software firm McAfee Inc. common stock for $48 per share in cash, valuing the deal approximately $7.68 billion.
It’s unsubtle that the move to buy a security firm despite being on the computer hardware business is to consider security as a fundamental component of online computing.

Many would really wonder why a chip giant is interested in buying a software company like McAfee. Paul Otellini, Intel President and CEO, 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. 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.
The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure.

McAfee is a Santa Clara-based security technology company with approximately $2 billion in revenue in 2009. McAfee products includes software-related security solutions ensuring Internet-connected devices and networks protected from malicious contents, security suite like McAfee Total Protection, McAfee Antivirus, McAfee Internet Security, McAfee Firewall, McAfee IPS, and etc. [via Business Wire]

What do you think on this move? Could this be one Intel’s best decisions?

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Bert Padilla

Founding-Editor of Cebu Tech Blogger where he shares insights in eCommerce, Digital Marketing, Ad Ops, Tech, Startups, Technopreneurship, Life Goals and Hacks. He's the brainchild and ninja of a Cebu-based digital agency, TekWorx.Digital, with ventures TekWorx, (eCommerce and Digital Marketing), AdWorx (Outsourced Ad Ops for Publishers) and BlogWorx (full-fledged Blog Development service). Read his Full Curriculum Vitae. For training and consultancy, services, speaking engagements, blog partnerships or media invites, click here. Alternatively, get in touch with him on Messenger.

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