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

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

    McAfee Corp said on Monday a consortium led by US private equity firm Advent International will take the cyber security company private in a $14 billion deal.

    The investor group will acquire all outstanding shares of McAfee common stock for $26 per share in an all-cash deal that values McAfee at about $12 billion on an equity basis.

    The company, founded by John McAfee in 1987, was the first to bring to market a commercial antivirus. Intel bought it in 2011, when McAfee himself no longer had any involvement.

    Published at Mon, 08 Nov 2021 18:11:07 +0000

    https://economictimes.indiatimes.com/news/international/world-news/mcafee-corp-to-be-taken-private-in-14-billion-deal/articleshow/87592875.cms

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