Cybersecurity firm McAfee to be sold for more than $14 bn
The Hindu
The company seems set to return to profitability this year after several years of back-to-back losses.
U.S. 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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