Intel to buy McAfee for $7.68 billion

Intel to acquire McAfee for $7.68 billion; cloud security becomes key priority

Tech giant Intel on Thursday announced that it would acquire security firm McAfee for about $7.68 billion.

Here’s what Intel senior vice president Renée James had to say about her new group:

“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow. This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility.”

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