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.
If this article helped you, please consider supporting our work. Every small contribution keeps Abijita.com independent and running.
