McAfee nears deal to sell itself to Advent for over $10 billion – WSJ
(Reuters) -Cyber security company McAfee Corp is nearing a deal to sell itself to U.S. private equity company Advent International for larger than $10 billion, the Wall Street Journal reported https://on.wsj.com/3bIGfIr on Friday, citing people conversant within the matter.
The deal might very effectively be launched on Monday, although the talks would possibly nonetheless crumble, the report talked about.
McAfee and Advent did not immediately reply to Reuters requests for comment.
The potential deal comes at a time when the pandemic-pushed shift to distant working and a rise in cyber assaults has spurred demand for antivirus and digital security software program program.
Seeking to create a pacesetter in shopper security software program program, U.S.-based NortonLifeLock Inc in August agreed to buy London-listed rival Avast Plc for up to $8.6 billion.
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