In a strange turn of events it seems that McAfee has risen once again to appear on the marketplace in a move reminiscent of a certain Uncle Duke story line. Intel has sold their majority stake, worth $3.1bn in cash, to a private equity firm called TPG. Intel retains 49% of the shares, not quite breaking even on the purchase they made back in 2010 but having seen solid profits from that business while they were running it. TPG has now renamed itself McAfee and Chris Young, the general manager of Intel Security will be a part of the new team. Pop by The Register for more on the antivirus company that just keeps coming back, but there is no word as of yet from the company's namesake.
"Intel is selling off a majority stake in its security software arm – formerly known as McAfee – to private equity firm TPG, which will rename itself to, er, McAfee."
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