McAfee Agrees Deal to Sell Enterprise Business for $4bn

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Summary

• Security software giant McAfee has announced it has reached a deal to sell its enterprise business for an all cash fee of $4bn.
• Following completion, McAfee will become a consumer-only business, retaining its current name.
• However, its enterprise business, which serves 86% of Fortune 100 companies around the world, is expected to be rebranded in the coming months, although McAfee will continue operating it until the deal has closed.
• We are fully committed to driving the business’ strategy to be the leading device-to-cloud cybersecurity company by partnering with McAfee’s existing world class team to continue delivering exceptional performance to enterprises and government clients globally.”