Security software company McAfee acquired for $14 billion

Security software company McAfee is going private via a buyout from an investor group in a deal valued at more than $14 billion, the company announced Monday. Bloomberg first last week that a likely deal was imminent.

McAfee was founded in 1987 by John McAfee and became known for its computer antivirus software. McAfee, the founder, left McAfee, the company, in 1994, and the company was acquired by Intel in 2010 for $7.68 billion. In 2014, Intel announced it was phasing out the McAfee brand name for the security software and rebranding it as “Intel Security.”

Last October, the company returned to the public stock market. McAfee said in the announcement that it will continue as a “pure-play consumer cybersecurity” company after...

Continue reading…