Investments Firm Plans to Buy McAfee for $14 Billion

Investor consortium that includes six investments firms plans to buy cybersecurity software company McAfee for $14 billion. 

According to the news reports, the purchase amount is based on a stock price of $26 per share, which the company said represented a 22.6% premium on the stock’s closing price last Thursday.

The consortium consists of Advent International, Permira Advisers, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited and a wholly owned subsidiary of the Abu Dhabi Investment Authority. Advent and Permira led today’s acquisition, according to the company.

“The need for personalized, innovative, and intuitive online protection services has never been greater,” Brian Ruder co-head of technology at Permira, said in a statement. 

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