Intel Agrees to Sell Majority Stake in Security Unit to TPG

September 7, 2016 7:52 PM

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Intel Agrees to Sell Majority Stake in Security Unit to TPG

Deal values McAfee at about $4.2 billion, including debt

 INTC -0.30 % Intel Corp. INTC -0.30 % agreed to sell a majority stake in its computer-security unit to private-equity firm TPG, partly reversing a five-year-old acquisition that has largely proved disappointing.

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