HANOVER, GERMANY - MARCH 14:  The Intel logo hangs over the company's stand at the 2016 CeBIT digital technology trade fair on the fair's opening day on March 14, 2016 in Hanover, Germany. The 2016 CeBIT will run from March 14-18.  (Photo by Sean Gallup/Getty Images) Intel announced today that it has plans to spin off its security unit into a new company that will be owned in-part by private equity firm TPG. Intel will retain a 49 percent ownership stake of the entity with TPG taking the majority stake. In exchange, Intel will be receiving $3.1 billion in cash.
Intel’s security unit originated from its acquisition of McAfee. The $7.68 billion… Read More

Source: News