A deal for the security-software company could be announced soon; talks are ongoingSecurity-software company McAfee Corp. is nearing a deal to sell itself to a group including private-equity firms Advent International Corp. and Permira for more than $10 billion, according to people familiar with the matter. McAfee, which returned to the public markets in October 2020, is part-owned by private-equity firms TPG and Thoma Bravo LP and Singapore sovereign-wealth fund GIC Pte. Ltd.Intel Corp. bought McAfee in 2011 as part of a strategy to move the chip-making giant's technology beyond computers. With $81 billion in assets under management, Advent has been investing in technology for more than three decades. Permira, which has €44 billion, equivalent to $51 billion, in committed capital and a global presence, also has a record of technology deals.

Source: Wall Street Journal November 08, 2021 03:20 UTC