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Old 19th August, 2010, 06:54 PM
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Intel to buy McAfee for $7.68 billion

Intel plans to buy security company McAfee for $7.68 billion--the biggest acquisition in its 42-year history.

The chipmaker said Thursday it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. McAfee's stock closed Wednesday at $29.93, making Intel's offer a 60 percent premium.

The boards of both companies have approved the deal.

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