Intel acquires McAfee for $7B

Tuesday - 3/1/2011, 4:13pm EST

It's official two cybersecurity giants are now working on the same team. Intel has acquired security software giant McAfee for more than $7 billion.

The merger allows McAfee to continue developing and selling security products and services under its own brand.

This merger reflects the narrowing gap between IT and IT security. Intel hopes, the acquisition will provide a combination of security software and hardware.

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