McAfee nears deal to promote itself to Introduction for over $10 billion – WSJ

0
32

(Reuters) -Cyber safety agency McAfee Corp is nearing a deal to promote itself to U.S. non-public fairness agency Introduction Worldwide for greater than $10 billion, the Wall Avenue Journal reported https://on.wsj.com/3bIGfIr on Friday, citing individuals acquainted with the matter.

The deal might be introduced on Monday, though the talks might nonetheless crumble, the report mentioned.

McAfee and Introduction didn’t instantly reply to Reuters requests for remark.

The potential deal comes at a time when the pandemic-driven shift to distant working and an increase in cyber assaults has spurred demand for antivirus and digital safety software program.

In search of to create a pacesetter in client safety software program, U.S.-based NortonLifeLock Inc in August agreed to purchase London-listed rival Avast Plc for as much as $8.6 billion.

Shares of McAfee, which made its market debut final 12 months, closed 20% increased on Friday at $25.46.

The corporate mentioned in March it might promote its enterprise enterprise to a consortium led by Symphony Know-how Group for $4 billion in money.

(Reporting by Tiyashi Datta in Bengaluru; Enhancing by Aditya Soni)



Source link