BREAKING NEWS

BREAKING NEWS

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion - CNBC

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion - CNBC
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Mike Blake(Reuters)
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(Reuters) - Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion (£3.34 billion), CNBC reported on Friday, citing people familiar with the matter.

Talks may still fall apart and a deal announcement isn't expected soon, according to CNBC.

Intel, which paid $7.7 billion for California-based McAfee in 2011, completed the sale of a 51 percent stake https://www.reuters.com/article/us-intel-mcafee-sale/intel-to-spin-out-security-unit-sell-stake-in-business-to-tpg-idUSKCN11D2MY in the company to TPG at a $4.2 billion enterprise value last year.

Thoma Bravo has been seeking to rapidly consolidate the cybersecurity sector.

In October, it announced a $2.1 billion acquisition of Imperva Inc and last month announced the acquisition of another cybersecurity firm called Veracode from Broadcom Inc for $950 million.

Last month, Reuters reported that Thoma Bravo had approached Symantec Corp with a takeover offer.

Intel declined to comment, while Thoma Bravo and TPG did not immediately respond to a request for comment.

(Reporting by Vibhuti Sharma in Bengaluru)

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