MCFE News and Press, McAfee Corp. From 11/10/21

After selling its enterprise business unit to the STG, MCFE’s remaining consumer business has received a bid from a consortium of private equity funds. The bid price of $26, in our opinion, is a significant discount to what the business is actually worth. We see short-term ...

Read the full story here: For further details see: Wall Street Breakfast: General Electric Is Splitting Up (Podcast By Pimm Fox)

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Time for a breakup Unveiling one of the biggest changes in the industrial giant's history, General Electric (GE) announced plans this morning to split into...

Cybersecurity company McAfee Corp. (NASDAQ:MCFE) confirmed a transaction to be sold to a consortium of private equity firms for $26/share in cash, or over $14B, including debt. An investor group led by Advent International,  Permira Advisers, Crosspoint Capital, Canada Pension Plan ...

McAfee (NASDAQ:MCFE): Q3 Non-GAAP EPS of $0.31 beats by $0.11; GAAP EPS of -$0.54 misses by $0.67. Revenue of $491M (+24.3% Y/Y) beats by $24.88M. Shares -3.38% PM. Press Release For further details see: McAfee EPS beats by $0.11, beats on revenue

Net Revenue Increased by 24% to $491 Million and Adjusted EBITDA Increased by 43% to $234 Million Core Direct to Consumer (“DTC”) Subscribers Increased YoY by 16% to 20.1 Million, Up 640 Thousand QoQ McAfee Corp. (“McAfee,” or the ...

McAfee shareholders to receive $26.00 per share in cash The transaction is valued at over $14 billion The purchase price represents a premium of approximately 22.6% over McAfee’s closing share price of $21.21 on November 4, 2021 Investor Group comprised of Adven...

Shares of McAfee (NASDAQ: MCFE) were quiet most of Friday, going sideways on perfectly ordinary trading volume. The computer security veteran suddenly sprung to life at 3:15 p.m. EDT as Bloomberg reported that the company is in "advanced talks" to go private. McAfee closed Friday's ...

McAfee (NASDAQ:MCFE) jumped 18% on a report that it was in advanced talks to be taken private through a deal with private equity firms Advent and Permira. A deal may happen with in days and may value McAfee at more than $10B, according to traders, who cited a Bloomberg report. Developing...

Cyber scams and increasingly sophisticated cyber-attacks over the past decade have compelled private organizations and government agencies to tighten their cybersecurity measures. Because spending on cybersecurity solutions is increasing, the industry is witnessing impressive growth. Thus, we...