Intel (NASDAQ:INTC) Acquires McAfee

Intel (NASDAQ:INTC) has finished its $7.68 billion acquisition of McAfee. Intel (NASDAQ:INTC) Acquires McAfee Under the terms of the merger agreement, McAfee will become a wholly owned subsidiary of Intel (NASDAQ:INTC) and continue developing and selling security products and services under its own brand. Renée James, the senior vice president, and general manager of software business at Intel (NASDAQ:INTC) said that, “Intel has added security as a third pillar of what people demand from their experiences with personal computers and other connected devices. Security challenges put the future potential of computing at risk. The acquisition of McAfee adds not only world-leading security products and technologies to Intel’s computing portfolio, but also brings incredibly talented people focused on delivering products and services that help make connecting to the mobile Internet safer and more secure.” Intel Corp. (NASDAQ:INTC) shares were at 21.47 at the end of the last day’s trading. There’s been a 0.7% movement in the stock price over the past 3 months. Intel Corp. (NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.99 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.95 Zack’s Rank: 2 out of 6 in the industry
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