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McAfee nears deal to sell itself to Advent for over $10 billion – WSJ
Published by maria gbaf
Posted on November 8, 2021
1 min readLast updated: January 28, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on November 8, 2021
1 min readLast updated: January 28, 2026
McAfee is nearing a $10 billion sale to Advent International, driven by increased demand for cybersecurity amid remote work trends.
(Reuters) -Cyber security firm McAfee Corp is nearing a deal to sell itself to U.S. private equity firm Advent International for more than $10 billion, the Wall Street Journal reported https://on.wsj.com/3bIGfIr on Friday, citing people familiar with the matter.
The deal could be announced on Monday, although the talks could still fall apart, the report said.
McAfee and Advent did not immediately respond to Reuters requests for comment.
The potential deal comes at a time when the pandemic-driven shift to remote working and a rise in cyber attacks has spurred demand for antivirus and digital security software.
Seeking to create a leader in consumer security software, U.S.-based NortonLifeLock Inc in August agreed to buy London-listed rival Avast Plc for up to $8.6 billion.
Shares of McAfee, which made its market debut last year, closed 20% higher on Friday at $25.46.
The company said in March it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Aditya Soni)
The main topic is McAfee's potential $10 billion sale to Advent International amid rising cybersecurity demand.
McAfee is being acquired by U.S. private equity firm Advent International.
The sale is significant due to the increased demand for cybersecurity solutions driven by remote work.
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