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Dustyn
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Dustyn

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McAfee breaks away from Intel

...things didn’t work out with Intel (or Belize, for that matter) and so the unit formerly known as Intel Security will be McAfee once again. Today, Intel is officially inking a deal that will spin McAfee out, with the asset management firm TPG taking a 51 percent stake in the company at a $4.2 billion valuation. Intel will retain a 49 percent stake.

What “McAfee” means now rests largely in the hands of TPG and McAfee’s newly-minted CEO, Chris Young, who led Intel Security over the past two years. TPG partner Bryan Taylor will serve as the chairman of McAfee’s board, and Young will have a chance to prove himself out from under the umbrella of Intel.

»techcrunch.com/2017/04/0 ··· e-again/