According to the New York Times, a business merger is about to take place. On Thursday, August 19th Intel, the leading manufacturer of semiconductor chips agreed to buy McAfee, the computer antivirus software maker for about $7.7 billion in cash. Besides Intel’s efforts to produce a core-chip making, their efforts to expand the business and take over McAfee, has been their biggest effort to date in terms of expanding the company. Their last major purchase was in 1999, when Intel bought Level One Communications for $2.2 billion.
Paul Otellini, Intel’s chief executive, said, “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.”
With The TNS Group being in the tech industry, we know that this industry has been one of the busiest for deal-makers and companies taking over new sectors. With Intel’s purchase of McAfee it will put the company into covering security tech.
Tara McKenna
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