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September 8, 2016 12:26 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/XrCgbxDXCTU/
Intel spins out Intel Security with TPG to form new McAfee valued at $4.2B
Intel announced today that it has plans to spin off its security unit into a new company that will be owned in-part by private equity firm TPG. Intel will retain a 49 percent ownership stake of the entity with TPGtaking the majority stake. In exchange, Intel will be receiving $3.1 billion in cash.Intel’s security unit originated from its acquisition of McAfee. The $7.68 billion… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/XrCgbxDXCTU/
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