NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Intel, TPG in early talks to sell McAfee to Thoma Bravo: source

Published 12/14/2018, 05:38 PM
© Reuters. Computer security software is shown for sale at a computer store in San Marcos
INTC
-
GEN
-
AVGO
-

(Reuters) - Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp (NASDAQ:INTC), a source familiar with the matter said on Friday.

Talks are at an early stage and there is no guarantee they will lead to a deal, the source said. The talks were reported earlier by CNBC.

Intel and TPG declined to comment, while Thoma Bravo did not immediately respond to a request for comment.

Intel, which paid $7.7 billion for California-based McAfee in 2011, completed the sale of a 51 percent stake in the company to TPG at a $4.2 billion enterprise value last year.

Thoma Bravo has been seeking to rapidly consolidate the cyber security sector.

In October, it announced a $2.1 billion acquisition of Imperva Inc and last month announced the acquisition of another cyber security firm called Veracode from Broadcom (NASDAQ:AVGO) Inc for $950 million.

© Reuters. Computer security software is shown for sale at a computer store in San Marcos

Last month, Reuters reported that Thoma Bravo had approached Symantec Corp (NASDAQ:SYMC) with a takeover offer.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.