Investor group acquires McAfee for more than $14 billion

An investor group has acquired cybersecurity giant McAfee Corporation for more than $14 billion.

Led by Advent International Corporation, Permira Advisers, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority, the investment group bought all outstanding shares of McAfee common stock for $26 per share in an all-cash transaction.

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Source: ZDNet