Intel will McAfee for 7,680 million
| Date: August 19, 2010 | Source: Reuters |
| Category: Business | |
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Loading ... Intel, the world's largest maker of microchips, announced today that it will pay about 7,680 million for McAfee to be the leader in the field of computer security.
Both U.S. companies have their headquarters in Santa Clara (California), and join forces to "put safety at the same energy efficiency and connectivity," particularly in the field of mobile devices.
"With the rapid growth of mobile devices connected to the Internet, more and more elements of our life moving in the network," said President and CEO of Intel, Paul Otellini, in announcing this operation.
In his opinion, that is the reason that "security is linked to energy efficiency and connectivity as the third pillar of what most requested" the computer industry.
According to today detailed the company before the opening of the New York stock market, each shareholder will receive $ 48 for each share of McAfee, which represents a premium of nearly 60% over the closing price on Wednesday at the New York Stock Exchange.
Therefore, in electronic trading that took place before the start of the regular session, shares of McAfee, a company especially known for its antivirus software, rose 58% and traded at $ 47.31, compared with 29, 93, which closed yesterday.
In contrast, shares of Intel, one of the thirty companies comprising the Dow Jones industrials were down 2.3% in electronic trading and traded at $ 19.14, partly affected by his warning that the operation will have a "slight" negative effect on their accounts during the first year after the acquisition.
The company, which recently announced the best quarter in its history, had already undertaken significant investments in the purchase of companies that specialize in issues related to security, such as Wind River for $ 884 million and 110 million Havok.
At the same time, McAfee, which however had spread somewhat disappointing quarterly results, announced investments in companies specializing in security, in turn, mobile devices such as tenCube and Trust Digital.
