Security software pioneers McAfee has been sold to a private equity consortium led by Advent International for US$14 billion (A$18.98b) making it the largest online security acquisition in history.
The consortium, which also includes Canada Pension Plan Investments, GIC Private Limited, the Abu Dhabi Investment Authority, Crosspoint Capital, and Permira Advisers, will pay US$26 per share in an all-cash deal.
“This transaction is a testament to McAfee’s market-leading online protection solutions, our talented employees, and outstanding customers and partners,” said McAfee president and CEO Peter Leav.
“We want to thank our employees for their continued hard work and commitment to McAfee. We are thrilled to be partnering with premier firms who truly understand the cyber security landscape and have a proven track record of success.”
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