Intel acquires McAfee for $8 billion

Intel purchases McAfee for approximately $7.68 billion. According the release, Intel wants to integrate security as part of their overarching strategy in "in energy-efficient performance and Internet connectivity." The move is a strategic one for Intel. "Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow," said James. […]

Intel purchases McAfee for approximately $7.68 billion. According the release, Intel wants to integrate security as part of their overarching strategy in "in energy-efficient performance and Internet connectivity." The move is a strategic one for Intel. "Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow," said James. "This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility."

"With rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Paul Otellini. "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences."

[Source]