McAfee To Sell Its Enterprise Business To Symphony Technology For $4 Billion
Bijay Pokharel, March 8, 2021 0 1 min read
American global computer security software company McAfee said on Monday it has entered an agreement to sell its enterprise business to a consortium led by Symphony Technology Group in an all-cash deal valued at $4 billion.
The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said.
“This transaction will allow McAfee to singularly focus on our consumer business and to accelerate our strategy to be a leader in personal security for consumers,” Chief Executive Peter Leav said in a statement.
Bijay Pokharel is the creator and owner of Abijita.com. He is a freelance technology writer focusing on all things pertaining to Cyber Security. The topics he writes about include malware, vulnerabilities, exploits, internet defense, women's safety and privacy, as well as research and innovation in information security. He is a tech enthusiast, keen learner, rational and cool person in his professional activities and challenges.
You have Successfully Subscribed!
Leave a Reply