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McAfee Agrees Deal to Sell Enterprise Business for $4bn to Symphony Technology Group (STG)

March 8, 2021

Security software giant McAfee has announced it has reached a deal to sell its enterprise business for an all cash fee of $4bn. The firm said it has entered a definitive agreement with a consortium led by Symphony Technology Group (STG), with the transaction expected to be completed by the end of 2021, subject to customary regulatory approvals and closing conditions.