McAfee to be taken private by Advent-led group in $14 billion deal (2024)

FAQs

McAfee to be taken private by Advent-led group in $14 billion deal? ›

An investor group led by buyout firms Advent International Corp

An investor group led by Advent International Corp., Permira Advisers and others agreed in November to buy out McAfee in a deal valuing the company at more than $14 billion including debt.

On November 8, 2021, the Investor Group announced the acquisition of all outstanding shares of McAfee common stock for $26.00 per share in an all-cash transaction valued at over $14 billion. As a result of the transaction, McAfee is no longer a publicly traded company.

However, the stock was delisted from NASDAQ and the company was taken private again in March 2022 by a multi-national investor group under the Advent International Corporation, consisting of the Canada Pension Plan, the Singaporean GIC Private Limited, and the Abu Dhabi Investment Authority.

Nov 8 (Reuters) - McAfee Corp (MCFE. O) said on Monday a consortium led by U.S. private equity firm Advent International will take the cyber security company private in a $14 billion deal.

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Is McAfee being discontinued? ›

The products that will be discontinued are McAfee Security Center, Browser Protection and Content Filtering, Antivirus/Anti-Spyware Protection, and Firewall Protection. They're well known, effective, and user-friendly.

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“A series of bad investments, including a large bet on Lehman Brothers' bonds, cost McAfee millions and forced him to sell real estate and other assets for pennies on the dollar,” Celebrity Net Worth said. Lehman Brothers went bankrupt in the 2008 global financial crisis.

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When the subscription for your McAfee app expires, you can no longer download new updates and virus definition files. You can still use the product, but you aren't protected from threats newer than the last update before it expired.

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