Mcafee Corp. Stock Price, News & Analysis

TPG Inc. has appointed Gunther Bright as an independent director of its Board, effective July 1, 2022. Bright, with nearly 30 years of experience at American Express, brings substantial expertise in business transformation and growth. TPG's leadership expressed confidence that Bright's skills will enhance the company's strategic positioning in the alternative asset management space. TPG, founded in 1992 with $120 billion in assets under management, focuses on innovation and collaboration across various investment platforms.

McAfee Corp. (NASDAQ: MCFE) has completed its acquisition by an investor group led by Advent International and including Permira, Crosspoint Capital, CPP Investments, GIC, and ADIA, valued at over $14 billion. Shareholders will receive $26.00 per share in cash. The acquisition enables McAfee to transition into a privately held company focused on consumer cybersecurity solutions, enhancing its growth potential and market position. Notably, McAfee has notified NASDAQ to delist its shares following this transaction.

McAfee Corp. (NASDAQ: MCFE) highlighted the disconnect in mobile device safety perceptions via its Consumer Mindset Survey: Mobile Report and Consumer Mobile Threat Report, released before Mobile World Congress in Barcelona. The survey shows a high trust in smartphone security among children and teens, contrasted with low protection levels. Furthermore, the threat report identified new cyberattack vectors, particularly in mobile platforms, fueled by the rise of cryptocurrencies, which pose significant risks to consumers.

McAfee Corp. (NASDAQ: MCFE) has provided an update on its focus on the consumer sector following the divestiture of its enterprise business in July 2021. This strategic move allows McAfee to concentrate on enhancing consumer online protection services. Recent product launches, including McAfee Total Protection and Protection Score, aim to safeguard consumer privacy and identity. The enterprise segment was sold to Symphony Technology Group, which plans to integrate it with its acquisition of FireEye, forming the new entity Trellix.

McAfee (NASDAQ: MCFE) has been awarded the Product of the Year 2021 by AV-Comparatives for its Total Protection software. The product also won a Gold Award in the Malware Protection Test and two Silver Awards in Real-World Protection and Advanced Threat Protection tests. Throughout 2021, McAfee secured six Advanced+ Awards and one Advanced Award. This recognition highlights the software's effectiveness against threats and its user-friendly interface that integrates seamlessly into Windows. AV-Comparatives is known for rigorous testing of antivirus solutions.

Advent International announced the successful fundraising of Advent Global Technology II, surpassing its $3 billion target by 33% to reach a hard cap of $4 billion in just six months. This new fund, double the size of its predecessor, Advent Tech, aims to support innovative tech companies in North America and Europe. Advent Tech II has already made four investments, including a significant stake in McAfee Corp. for over $14 billion, marking the largest-ever take-private of a software company. Strong backing from a diverse investor base demonstrates confidence in Advent's strategy.

Monteverde & Associates PC is investigating three companies regarding their proposed mergers. McAfee Corp. (MCFE) is under scrutiny for its acquisition by an investor group, offering shareholders $26.00 per share. Level One Bancorp, Inc. (LEVL) is exploring its merger with First Merchants Corp., with a proposed deal of $10.17 in cash and 0.7167 shares of First Merchants stock per LEVL share. Viasat, Inc. (VSAT) is also being examined for its merger with Inmarsat, involving $850 million in cash and 46.36 million newly issued shares. Investors can seek more information for free.