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Intel Buys McAfee for $7,680,000,000

By - Source: Tom's Hardware US | B 127 comments

So here's one we didn't see coming: Intel has just announced the acquisition of McAfee for more than $7.6 billion.

Intel this morning released a statement announcing its acquisition of software security company McAfee at a cost of $48 per share, or $7.68 billion. McAfee, which last year brought in more than $2 billion in revenue, has more than 6,000 employees and will operate as a wholly-owned subsidiary, reporting into Intel’s Software and Services Group. Intel CEO Paul Otellini said in a statement that the company now ranks security among its top three priorities, along with connectivity and energy-efficient performace.

"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," said Paul Otellini, Intel president and CEO.

"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. "

Renée James, Intel senior vice president and general manager of Software and Services, said the acquisition will lead to breakthroughs in the security market.

"Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow," said James.

"This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility."

"McAfee is the next step in this strategy, and the right security partner for us," she added. "Our current work together has impressive prospects, and we look forward to introducing a product from our strategic partnership next year," he added.

Both boards of directors approved the acquisition, which will be complete once it is approved by McAfee shareholders, and the various different regulatory bodies that have to give these kinds of deals the once over.

Check out the full press release here.

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Top Comments
  • 44 Hide
    Nightsilver , August 19, 2010 5:50 PM
    Well, here's hoping they intend to improve on it. Otherwise I can't understand why they would invest SO MUCH into such TERRIBLE software.
  • 34 Hide
    ares1214 , August 19, 2010 5:57 PM
    kydanThey need to buy AMD imo


    No offense, but that is the dumbest thing ive heard in quite some time. AMD is their competition, if they buy them up, theres no more competition, and intel is the only cpu manufacturer, AKA, MONOPOLY. Then the can charge whatever they want for anything.
  • 31 Hide
    sliem , August 19, 2010 5:51 PM
    Dangggggggg what are they going to do with mcafee? put it down to sleep I hope?
Other Comments
  • 44 Hide
    Nightsilver , August 19, 2010 5:50 PM
    Well, here's hoping they intend to improve on it. Otherwise I can't understand why they would invest SO MUCH into such TERRIBLE software.
  • 31 Hide
    sliem , August 19, 2010 5:51 PM
    Dangggggggg what are they going to do with mcafee? put it down to sleep I hope?
  • 2 Hide
    jonpaul37 , August 19, 2010 5:51 PM
    Yesterday would have been a nice day to buy the Stock In intel... for the short run anyway...
  • 21 Hide
    extremepcs , August 19, 2010 5:54 PM
    So now Intel CPU's will crash when McCrappy releases a botched update? I might need to switch teams and go with AMD...
  • 34 Hide
    ares1214 , August 19, 2010 5:57 PM
    kydanThey need to buy AMD imo


    No offense, but that is the dumbest thing ive heard in quite some time. AMD is their competition, if they buy them up, theres no more competition, and intel is the only cpu manufacturer, AKA, MONOPOLY. Then the can charge whatever they want for anything.
  • 9 Hide
    jacobdrj , August 19, 2010 5:58 PM
    My dad did I think... He was as perplexed as I was... Why? Their AVS is HORRIBLE. It finds nothing. It fixes NOTHING. MSE>AVAST>>>Kapersky=NOD32>>Norton>>>McAffee...
    And the 1st 2 are free!
  • 6 Hide
    JeanLuc , August 19, 2010 6:00 PM
    If Intel were going to buy someone I would have had money they would have bought Nvidia and as the first line says 'didn't see that one coming'.
  • 26 Hide
    ecnovaec , August 19, 2010 6:02 PM
    I repair computers for a living... and unless Intel knows something about mcafee that i don't, this is a HUGE mistake. I have NEVER seen a pc with mcafee that wasn't loaded with viruses. ever.
  • 9 Hide
    Anonymous , August 19, 2010 6:04 PM
    McAfee- I wouldn't give a dollar for their cr*p. Guess they did well dumping their turd on Microsoft.
  • 12 Hide
    one-shot , August 19, 2010 6:05 PM
    extremepcsSo now Intel CPU's will crash when McCrappy releases a botched update? I might need to switch teams and go with AMD...


    More like the AMD products crash and Intel products go faster. Intel does have some questionable business ethics.
  • 5 Hide
    kdashjl , August 19, 2010 6:10 PM
    Intel Antivirus?
  • 21 Hide
    daft , August 19, 2010 6:11 PM
    jonpaul37Yesterday would have been a nice day to buy the Stock In intel... for the short run anyway...


    what do you mean... as of right now, intel stock is down 3.5%. i would have bought mcafee stock yesterday, considering they are now up 57.10%
  • 4 Hide
    dunderklumpton , August 19, 2010 6:11 PM
    I'm just hoping there not thinking about implementing AV software into the architecture, think about it: Monitoring software hard-wired into your CPU, great way to enforce piracy!
  • 4 Hide
    extremepcs , August 19, 2010 6:20 PM
    dunderklumptonI'm just hoping there not thinking about implementing AV software into the architecture, think about it: Monitoring software hard-wired into your CPU, great way to enforce piracy!


    That's what it sounds like to me. I don't know why else a hardware company would purchase an AV company. I can see it now - daily microcode updates for your CPU, then that one slips by quality control again and turns your machine in to a boat anchor.
  • 4 Hide
    nforce4max , August 19, 2010 6:20 PM
    Big fish eats little fish....
  • 0 Hide
    zerghumper , August 19, 2010 6:21 PM
    @ecnovaec

    I'm in the same position, and I know exactly what you mean. The last PC I worked on that had McAfee had three trojans and a worm that Malwarebytes found within 20 min. The sad truth is most people blindly trust Norton and McAfee, where's alternative free products can provide much better service.

    Maybe Intel has so much money they decided to do the right thing, and put the company down. Maybe then the government could learn from Intel, terrible companies DESERVE to fail, there's a reason they don't make money lol.
  • 5 Hide
    jimmysmitty , August 19, 2010 6:22 PM
    jacobdrjMy dad did I think... He was as perplexed as I was... Why? Their AVS is HORRIBLE. It finds nothing. It fixes NOTHING. MSE>AVAST>>>Kapersky=NOD32>>Norton>>>McAffee...And the 1st 2 are free!


    You forgot AVira which ranks about with MSE except so far only MSE has found some pretty nasty vruses that block Windows Update or kill the OS that the others haven't found yet.

    As for Intel, if anything they will make it better. Intel also bought HavoK Physics and that ahs yet to perform worse and is still the top Physics engine.
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