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Intel spins off McAfee, sells majority stake to TPG

2016-09-08 09:07:00| Telecompaper Headlines

(Telecompaper) Intel has sold a 51 percent stake in McAfee to TPG for USD 3.1 billion, with the total business valued at USD 4.2 billion. The unit will be spun out of Intel Security, keep its McAfee name and operate as an independent cybersecurity company. Chris Young, Intel senior VP and Intel Security general manager, will lead the new company. Intel will retain 49 percent of the company after completion of the transaction, expected near the second quarter, subject to regulatory and other closing conditions. Intel bought McAfee in 2010 for USD 48 per share cash, or a total of USD 7.68 billion.

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Intel Spins Off McAfee to Private Equity Firm

2016-09-08 06:02:32| PC Magazine Software Product Guide

Intel's goal in acquiring McAfee was to sell security software for more than just PCs.

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Intel Spins Off McAfee to Private Equity Firm

2016-09-08 04:02:37| PC Magazine Security Product Guide

Intel's goal in acquiring McAfee was to sell security software for more than just PCs.

Tags: private firm equity intel

Telefonica spins off network assets in new company Telxius

2016-02-10 16:53:00| Telecompaper Headlines

(Telecompaper) Telefonica announced the creation of Telxius, a new company to manage its global infrastructure. Telxius will initially include around 15,000 towers in Spain and other countries, as well as Telefonica's 31,000km of fibre cable, including the SAM-1 cable linking the US and Latin America. Alberto Horcajo has been named CEO of the company, which is aimed at optimising the operator's asset portfolio and improving the return on capital. Telefonica said it may also consider incorporating third-party assets in the company. Over the coming months, a number of newly created companies, including the aforementioned assets, will be gradually integrated into Telxius.

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