Goldman Sachs to advise on Intel’s acquisition of McAfee

23 August 2010

Financial services provider Goldman Sachs has been appointed by technology firm Intel to provide advice on its takeover of McAfee.

The acquisition, which was announced on August 19th by the technology provider, is worth $7.7 billion and, according to Intel, an indication of how “security is now a fundamental component of online computing”.

According to Reuters, the acquisition could lead to a number of similar business deals taking place within the technology security solutions sector.

Daniel Ives, FBR Capital Markets analyst, told the news provider: “We're in the early stages of a major consolidation in software, particularly in security.

"This deal speaks to the convergence of hardware and software, which is becoming increasingly more important as the industry consolidates."

Intel’s takeover of McAfee is another acquisition during a particularly busy period for deals of this nature, reports have claimed.

According to Thomson Reuters, an estimated $90 billion worth of M&A have taken place during the last week.

McAfee is the largest security software firm and made an estimated $2 billion in revenue during 2009.

By Jim Ottewill

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