Intel to Buy McAfee in $7.68 Billion Deal
(Wall Street Journal) — Intel Corp. agreed to pay $7.68 billion to acquire computer-security software maker McAfee Inc., aiming to boost the chip giant’s own online and wireless-computing efforts. Intel will pay $48 for each share of McAfee, a 60% premium to Wednesday’s closing price. The stock last traded at that level in 1999. Shares of McAfee jumped 58% to $47.40 premarket—they were down 28% the past year through Wednesday—while Intel declined 2% to $19.19.
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