Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Intel considers sale of cyber security business: FT

Published 06/26/2016, 01:34 PM
Updated 06/26/2016, 01:40 PM
© Reuters. The logo of Intel is seen during the annual Computex computer exhibition in Taipei

NEW YORK (Reuters) - Chipmaker Intel Corp (O:INTC) is considering the sale of its cyber security business, the Financial Times reported on Sunday.

According to the report, the company has been talking to its bankers about options for the Intel Security unit, which was previously known as McAfee.

Intel bought McAfee for $7.7 billion in 2011.

A spokesperson for Intel could not be immediately reached for comment. The company said in April that it planned to cut up to 12,000 jobs globally as it refocuses its business toward making microchips that power data centers and Internet-connected devices and away from the declining personal computer industry it helped found.

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.