Summary
NEW YORK (AP) -- Intel Corp. said today it is buying computer- security software maker McAfee Inc. for $7.68 billion as the chip maker adds to its arsenal of tools to serve an increasing array of Internet-connected devices, including mobile phones.
The $48-per-share price represents a 60 percent premium over McAfee's close yesterday of $29.93. McAfee shares surged 58 percent after the deal was announced today to hit $47.14 in morning trading. Intel shares slipped.See the full content of this document
Extract
Intel to Buy Mcafee in $7.68b Deal
Intel, which is based in Santa Clara, Calif., said security is now a fundamental component of online compu...
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