Intel to buy McAfee in $7.68 billion deal - Yahoo! News
I'm not sure if I am surprised or not.
NEW YORK – Chip maker Intel says it has agreed to buy computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.
The per-share price represents a 60 percent premium over McAfee's Wednesday close of $29.93. Shares surged 58 percent after the deal was announced Thursday to hit $47.42.
Intel Corp., which is based in Santa Clara, Calif., said the deal highlights "that security is now a fundamental component of online computing."
Both boards of directors have unanimously approved the deal. The deal still requires McAfee shareholder approval and regulatory clearances.
McAfee is also based in Santa Clara.
I'm not sure if I am surprised or not.