Intel to spin out cyber security unit, sell stake running a business to TPG
By Prempal Singh
Intel and TPG will be co-owners of McAfee Intel and TPG to co-own McAfee Intel said it would spin out its cyber security division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash. TPG will own 51 percent of the new entity, valuing the complete […]