
Intel announced a few days ago that it has made one of its biggest purchases in the history of the company. The hardware giant has picked up security and antivirus company McAfee for a whopping US7.68 billion, or around US$48 per share in cash. Intel says that McAfee will operate as a wholly owned subsidiary under their Software and Services subdivision.
This purchase is a mammoth one for Intel – the largest in the company’s 42-year history and the largest in the IT security industry. Intel made a nice US$4.3b profit in 2009 and had a record second quarter of this year raking in US$2.9 billion in profit. McAfee’s profit for 2008 was just US$172 million, so Intel must have some big plans for the security giant if they’re going to turn a 7.7 billion dollar acquisition into profit.












