McAfee is flogging its enterprise business to a consortium led by Symphony Technology Group (STG) for $4 billion.
The transaction is expected to close by the end of 2021, subject to customary regulatory approvals and closing conditions.
Once complete, the enterprise business will be rebranded, while McAfee will move forward focusing solely on delivering personal security for consumers under the existing brand name, the firm said.
McAfee CEO Peter Leav said that STG was the right partner to continue strengthening our Enterprise business, and this outcome is a testament to the business’ industry-leading solutions and most notably to the outstanding contributions of our employees.
