CCTV.com - CNTV English - CCTV News

Intel to buy McAfee for 7.68 billion dollars

08-20-2010 09:41 BJT

SAN FRANCISCO, Aug. 20 (Xinhua) -- In a move to strengthen its online business, the world's largest chip-maker Intel Corp. on Thursday announced that it has agreed to buy computer security company McAfee Inc. for about 7.68 billion U.S. dollars.

The deal have been approved by boards of directors of both companies and is expected to close pending regulatory and other conditions, according to Intel.

Intel noted that the purchase reflects that security is now a fundamental component of online computing.

"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," Paul Otellini, Intel's president and chief executive officer, said in a statement.

"In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences," he added.

McAfee, founded in 1987 and headquartered in Santa Clara in the U.S. state of California, is billed as the world's largest dedicated security technology company.

McAfee is expected to become a wholly-owned subsidiary of Intel, reporting into Intel's Software and Services Group.

Editor:Zheng Limin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program