NEW YORK — Chip maker Intel says it has agreed to buy computer-security software maker McAfee Inc. for $7.68 billion, or $48 per share.
The per-share price represents a 60 percent premium over McAfee's close of $29.93 Wednesday. Shares surged 58 percent to $47.42 after the deal was announced Thursday.
Intel Corp., which is based in Santa Clara, California, said the deal highlights "that security is now a fundamental component of online computing."
Both boards of directors have unanimously approved the deal. The deal still requires McAfee shareholder approval and regulatory clearances.
McAfee is also based in Santa Clara. —AP
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