Intel To Spin Off Its Cyber-Security Unit McAfee

Intel is going to spin out its subsidiary Intel Security, calling the new entity with its old name – McAfee, and selling a majority stake in it to investment firm TPG for USD 3.1 billion in cash. In other words, McAfee, once one of the household names in computer security software, is poised to become an independent business once more. Intel that bought McAfee for USD 7.7 billion in 2011, will get USD 3.1 billion cash and retain a 49 percent stake in the new company. TPG, based in Fort...

Intel’s Security Wing Up For Sale?

Intel is looking for a buyer for its Intel Security. Intel Security, previously called McAfee, was bought from the security firm McAfee back in 2011 for $7.7 billion (£5.75bn). Intel rebranded the company as Intel Security, and aimed to implement its security features at chip level, giving cyber-security a whole new dimension. It seems, though, six years later, the plan had failed. In any case, the sale of Intel Security would represent the biggest security business sale to date, so it might take a consortium of private equity backers to...