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Intel announced today that it will acquire McAfee, maker of anti-virus and other security software, for $7.68 billion in cash, or $48 per share. The per share price is 60 percent more than McAfee’s $29.93 closing price on Wednesday. McAfee shares jumped 58 percent after the deal was made public to $47.42 in pre-market trading, while Intel shares dipped 2.5 percent to $19.11, the AP reports. The boards of both companies have unanimously approved the deal, but it’s still pending McAfee shareholder and regulatory approval. Intel said the deal “reflects that security is now a fundamental component of online computing.”

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