Intel, TPG in talks to sell McAfee Thoma Bravo for more than $4.2 billion: CNBC

McAfee security on your computer is displayed for sale at a computer store in San Marcos, California, USA, May 15, 2017. REUTERS/Mike Blake

(Reuters) – Private equity firm Thoma Bravo LLC is in early discussions to buy security software company McAfee of TPG Capital and Intel Corp. for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.

Talks may still fall apart and a deal announcement is not expected soon, according to CNBC.

Intel paid $7.7 billion for spain on the basis of McAfee in 2011 completed the sale of 51 percent of the shares in the company to TPG in a $4.2 billion enterprise-value of last year.

Thoma Bravo is looking to quickly consolidate the cybersecurity sector.

In October, it announced a $2.1 billion acquisition of Imperva Inc, and last month announced the acquisition of another cybersecurity company called Veracode of Broadcom Inc. for $950 million.

Last month, Reuters reported that Thoma Bravo had approached Symantec Corp with a takeover bid.

Intel declined to comment, while Thoma Bravo TPG not immediately respond to a request for comment.

Reporting by Vibhuti Sharma in Bengaluru

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular