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March 1, 2011 02:47 am GMT

Intel Closes $7.68 Billion McAfee Acquisition

Intel has officially completed its acquisition of security giant McAfee, according to a release issued today. Intel announced the $7.68 billion, all-cash deal last August. According to the release, McAfee will continue developing and selling security products and services under its own brand and "first fruits of their strategic partnership" will be brought to market later in 2011. McAfee will report into Intel's Software and Services Group, which is led by Intel's Rene James.

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