McAfee will sell the company’s division for four billion dollars

US antivirus software maker McAfee will sell its corporate division to a consortium led by Symphony Technology Group (STG) for four billion dollars (89 billion crowns). The company intends to continue to focus on cyber security for ordinary consumers. The agreement should be completed later this year. It must be approved by the regulatory authorities.

In the last few years, McAfee has strengthened its offering of antivirus software aimed at ordinary consumers. The corporate division generated revenue of $ 1.3 billion last fiscal year, Reuters reported.

McAfee was founded in 1987 by John McAfee. He was charged last week in the US with cryptocurrency fraud and money laundering conspiracy. However, it has long had nothing to do with the company that bears his name.

In 2010, McAfee bought chip maker Intel. The acquisition was completed in 2011 and the company was subsequently delisted. In 2016, Intel announced that it had agreed to sell a majority stake in McAfee to investment firm TPG. In 2017, the investment company Thoma Bravo bought a minority stake in McAfee. Last year, the company returned to the stock market.


Source: E15.cz by www.e15.cz.

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