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Safety software program firm McAfee acquired for $14 billion

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Safety software program firm McAfee goes personal through a buyout from an investor group in a deal valued at greater than $14 billion, the corporate announced Monday. Bloomberg first reported final week {that a} possible deal was imminent.

McAfee was based in 1987 by John McAfee and have become recognized for its pc antivirus software program. McAfee, the founder, left McAfee, the corporate, in 1994, and the corporate was acquired by Intel in 2010 for $7.68 billion. In 2014, Intel introduced it was phasing out the McAfee brand title for the safety software program and rebranding it as “Intel Safety.”

Final October, the corporate returned to the general public inventory market. McAfee mentioned within the announcement that it’s going to proceed as a “pure-play client cybersecurity” firm after selling its Enterprise business to non-public fairness agency Symphony Know-how Group for $4 billion in July.

The corporate mentioned the deal introduced Monday to promote to the investor group, which incorporates Creation Worldwide Corp., Permira Advisers, and Crosspoint Capital Companions, is predicted to shut within the first half of 2022.

John McAfee had led a troubled life after departing the corporate; in 2012, he fled to Guatemala as authorities in Belize sought to query him in connection with a neighbor’s murder. In March, he was charged with securities fraud over a “pump and dump” cryptocurrency scheme, the place authorities mentioned he and his bodyguard persuaded their Twitter followers to put money into sure cash, then offered their holdings within the currencies when the costs went up. McAfee was found dead in a prison cell in Barcelona in June, not lengthy after Spain had authorized extraditing him to the US to face tax fraud charges.

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