Saturday, July 2, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cybersecurity > An investor group to acquire McAfee for $14 billion

An investor group to acquire McAfee for $14 billion

McAfee announced that the company has signed a definitive agreement to be acquired by an investor group.

Erdem Yasar by Erdem Yasar
November 9, 2021
in Cybersecurity
1 min read
0 0
0
An investor group to acquire McAfee for $14 billion
0
SHARES
12
VIEWS
Share on FacebookShare on TwitterShare on EmailFollow on Google News

Online protection solutions provider, McAfee announced that it has entered into a definitive agreement to be acquired by an investor group. The group is led by Advent International Corporation, and Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

$26.00 per share

Peter Leav, President and Chief Executive Officer of McAfee
Peter Leav, President and Chief Executive Officer of McAfee

With the agreement, the investor group will acquire all outstanding shares of McAfee common stock for $26.00 per share in an all-cash transaction. The transaction is approximately valued at $12 billion on an equity value basis. The value is increased to over $14 billion on an enterprise value basis after giving effect to the repayment of McAfee debt. The share price represents a premium of approximately 22.6% over McAfee’s closing share price of $21.21 on November 4.

The group will take ownership of the company when the transaction is completed and as a privately held company, McAfee will be able to build on its success and track record of growth. Peter Leav, President and Chief Executive Officer of McAfee said,

“This transaction is a testament to McAfee’s market-leading online protection solutions, our talented employees, and outstanding customers and partners. We want to thank our employees for their continued hard work and commitment to McAfee. We are thrilled to be partnering with premier firms who truly understand the cybersecurity landscape and have a proven track record of success.”

See more Cyber Security News


Tags: McAfee
ShareTweetSendShare
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
H20.ai announced $100 million funding

H20.ai announced $100 million funding

Related News

8220 gang targeting Linux systems again, Microsoft says

8220 gang targeting Linux systems again, Microsoft says

July 1, 2022 2:52 pm
Kaspersky found a module backdoor in Microsoft Exchange

Kaspersky found a module backdoor in Microsoft Exchange

July 1, 2022 1:50 pm
CISA pinpoints the PwnKit threat

CISA pinpoints the PwnKit threat

June 30, 2022 5:50 pm
Attackers has breached AMD network and exfiltrated data

Attackers have breached the AMD network and exfiltrated data

June 30, 2022 5:30 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Advertisement

Recent News

  • How to change WordPress password via phpMyAdmin
  • FedEx is going to shut down all of its data centers
  • WordPress introduces a new plugin, Create Block Theme
  • Micropyramid lenses will triple the efficiency on solar panels
  • 8220 gang targeting Linux systems again, Microsoft says

Our Latest Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic
Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic

by Atalay Kelestemur
November 25, 2021 3:23 am


Cloud7 News is a news source that publishes the latest news, industry news and exclusive interviews on web hosting, cloud computing, data center, cybersecurity and linux.

News Categories

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • Blockchain

Our Free Modules

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.