Intel Announces Plans to Purchase Security Vendor McAfee

By IDG News Service, PCWorld Aug 19, 2010 2:00 PM

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Intel has announced plans to acquire security vendor McAfee in a cash deal valued at about 7.7 billion US dollars. Intel said the deal will enable it to bolster hardware security and also address a range of Internet-connected devices. Both boards of directors have approved the deal, and McAfee is expected to become a subsidiary within Intel's Software and Services Group.

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