Sign In
Search
Business/Financial

Intel Works With TPG To Spin Off McAfee As A New Jointly-Owned Independent Cybersecurity Company

Rich Abott By
SHARE:
Intel Works With TPG To Spin Off McAfee As A New Jointly-Owned Independent Cybersecurity Company

Intel Corporation [INTC] and TPG announced an agreement on Wednesday for them to spin off McAfee as a new jointly-owned independent cybersecurity company six years after Intel initially acquired McAfee.Under the terms of the agreement, TPG will own 51 percent of McAfee while Intel will own 49 percent with the entire business valued at about $.2 billion. TPG is also making a $1.1 billion equity investment in McAfee “to help drive growth and enhance focus as a standalone business” the…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

U.S. Space Force Forecasts Buy of 32 to 56 Meadowlands Jammers

Army

As Army’s Planned ISV Buy Grows To 12,000 Vehicles, GM Defense Exec Sees Potential To ‘Double That’

Navy/USMC

Navy Tests Drone Without GPS To Land On Moving Ships

Nuclear Modernization

HII Wins $56 Million Navy Contract For AUKUS Submarine Design Work

Trending

BAE Systems Unveils Prototype High Power Microwave System For Killing Drone Swarms
RTX Unveils New Rocket Motor-Powered Variant Of Coyote Drone Interceptor
Sikorsky Developing ‘Black Hawk Next’ As A Follow-On to UH-60M
GD To Deliver All XM30 Prototypes By Late November, Tracks Downselect Decision In Spring 2027
Space Force Successfully Launches Northrop Grumman’s First Plane Of Transport Layer Satellites

Congress Updates

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume