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BREAKING
Qatari PM: We must not surrender to the arrogance of extremists and pursue our quest for a 'two-state solution'
Qatari PM: The only path to peace begins through negotiations and a ceasefire
Qatari PM: We demand that the Security Council assume its historical responsibility, as silence in the face of the law of the jungle undermines international peace and destabilizes the UN system
Qatari PM: The extremists who rule "Israel" do not care about the lives of the "hostages"; otherwise, how can the timing and location of the attack be explained?
Qatari PM: 'Israel's' attack on Hamas leaders in Doha is a violation of Qatar's sovereignty
Qatari PM: The ongoing [Israeli] violations only prove one thing: the Israeli officials' drunkenness on power amid impunity
Yemeni Ministry of Health: The death toll from the Israeli aggression on Sanaa and Al-Jawf Governorate has risen to 46, in addition to 165 injuries, including a large number of women and children, according to a non-final toll
Representative of Russia to the Security Council: What happened is not a coincidence, but rather a logical consequence of the complete impunity 'Israel' enjoys
Representative of Russia to the Security Council: What prevents 'Israel' from attacking any capital city in the world after bombing Doha?
Acting US Representative to the Security Council: Trump assured the Emir of Qatar and the Prime Minister that such an incident would not be repeated on Qatari soil

McAfee Software Company Acquired for $14 Billion

  • By Al Mayadeen
  • Source: The Verge
  • 9 Nov 2021 15:01
2 Min Read

Security software company McAfee will go private after an investor group acquired it in a $14+ billion deal.

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  • McAfee was bought by Intel in 2010 for $7.7 billion
    McAfee was bought by Intel in 2010 for $7.7 billion

McAfee, known for its computer antivirus software, is going private after a buyout from an investor group in a deal valued at more than $14 billion, a statement by the company said on Monday. 

The statement read that the company is to be acquired by an investor group led by Advent, Permira, Crosspoint Capital, CPP investments, GIC, and ADIA. 

The company was founded in 1987 by John McAfee, becoming a leader in security software. The founder left the company in 1994, and it was subsequently acquired for $7.68 billion by Intel. It was announced in 2014 that the company was to be rebranded as Intel Security.

In October 2020, the company was back on the public stock market, after selling McAfee Enterprise to Symphony Technology Group for $4 billion in July.

The current deal will be closed in the first half of 2022.

Murder and security fraud 

John McAfee, the company's founder, led a life of controversy after he left the company, leaving for Guatemala in 2012 after he was wanted by authorities in Belize for questioning following a neighbor's murder.

He was charged with security fraud in March over a cryptocurrency scheme after he persuaded Twitter followers to invest in cryptocurrency, then selling their holdings after the cryptocurrency's prices went up.

He was found dead in a Barcelona prison cell in June shortly after Spain approved his extradition to the US for tax fraud charges.

  • McAfee
  • Acquisition
  • technology
  • Software

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