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Intel John McAfee

Intel buys McAfee Associates for $7.7 billion

19 Aug, 2010

Intel pays $7.68 billion to acquire McAfee Associates. Intel hopes the purchase will separate its products from those of its rivals and accelerate its move into smartphones and consumer electronics. According to the research firm IDC, McAfee has 17.7 percent of the market for securing computing devices, trailing the market leader Symantec, which has 36.2 percent.