McAfee to sell off enterprise business for $4bn
Security vendor announces it is to become a consumer-only business, five months after its IPO
McAfee has announced it has agreed to sell off its enterprise business for a cash sum of $4bn(€3.36bn). The security software giant said it has entered a definitive agreement with a US technology consortium led by private equity firm Symphony Technology Group (STG). Less than six months after its IPO, McAfee CEO Peter Leav said the vendor now wants to focus on becoming a consumer-only business. "STG is the right partner to continue strengthening our Enterprise business, and this outcome is a testament...
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