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Cybersecurity firm McAfee to be sold for more than $14 billion

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Agence France-Presse

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="McAfee computer security software is shown for sale at a computer store in San Marcos, California, US. Mike Blake, Reuters File Photo" src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/11/09/mcafee.jpg"/><figcaption>McAfee computer security software is shown for sale at a computer store in San Marcos, California, US. <em>Mike Blake, Reuters File Photo</em></figcaption></figure></div><p>NEW YORK - US cybersecurity firm McAfee announced on Monday it will be sold to a group of investors for more than $14 billion, just over a year after going public.</p><p>The consortium led by Advent International Corporation and Permira Advisers will pay about $12 billion in cash to acquire all of McAfee&#x27;s outstanding shares, with the cost rising to more than $14 billion when the company&#x27;s debt is added.</p><p>The investor group also includes Crosspoint Capital Partners, Canadian pension fund CPP Investments, Singapore&#x27;s sovereign wealth fund GIC and a subsidiary of the Abu Dhabi Investment Authority sovereign wealth fund.</p><p>The sale is the latest episode in the history of the company founded by John McAfee in 1987, the namesake of the antivirus software.</p><p>The firm once went public in 1992, then again in 1999 following a merger, before Intel bought it for about $7.7 billion and delisted it in 2011.</p><p>Following an integration process observers viewed as fraught, Intel in 2016 then spun McAfee off from its core business, keeping a large stake but handing control to investment company TPG Capital.</p><p>McAfee returned to the stock market again in October 2020, taking advantage of a buoyant atmosphere for the cybersecurity industry.</p><p>After several years of back-to-back losses, the company seems set to return to profitability this year.</p><p>The company&#x27;s name remains associated with that of its founder John McAfee, who died last June at the age of 75 in a Spanish prison where he was awaiting extradition to the United States over tax fraud charges.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/06/24/21/john-mcafee-found-dead-suicide">McAfee antivirus founder found dead by suicide in Spanish jail: prison official</a></li></ul><p>The entrepreneur and programmer, who before his death had become a kind of guru of cryptocurrencies, resigned from the company in 1994.</p><div><strong>tu/vmt/cs/bfm</strong></div><div><strong>© Agence France-Presse</strong></div>

US cybersecurity firm McAfee announced it will be sold to a group of investors for more than $14 billion, just over a year after going public.