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Cybersecurity Firm Mcafee To Be Sold For More Than $14B

by ibtimes.co.uk posted 2weeks ago 15 views
After several years of back-to-back losses, the company seems set to return to profitability this year. : 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. The consortium led by Advent International Corporation and Permira Advisers will pay about $12 billion in cash to acquire all of McAfee's outstanding shares, with the cost rising to more than $14 billion when the company's debt is added.

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