Intel to spin out McAfee cybersecurity unit into new company

Intel is spinning out its cybersecurity unit into a new company, called McAfee, in a deal with private equity firm TPG. The deal values McAfee at $4.2 billion, including its debt of about $2 billion. Santa Clara, California-based Intel had bought McAfee in 2011 for $7.68 billion. Intel said Wednesday that McAfee will be one […]