" McAfee to sell enterprise business for $4 billion "

McAfee Corp said on Monday it would sell its enterprise business to a consortium led by Symphony Technology Group for $4 billion in cash, sending the cybersecurity firm’s shares up nearly 3% in premarket trade. The deal, subject to customary regulatory approvals and closing conditions, is expected to close by the end this year, McAfee said. In the last few years, McAfee has strengthened its main cybersecurity software business that focuses on retail customers via price increases, new partner programs and good retention rates.

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