Cyber safety agency McAfee Corp is nearing a deal to promote itself to US personal fairness agency Introduction Worldwide for greater than $10 billion, the Wall Avenue Journal reported on Friday, citing individuals conversant in the matter.
The deal might be introduced on Monday, though the talks may nonetheless collapse, the report mentioned.
McAfee and Introduction didn’t instantly reply to Reuters requests for remark.
The potential deal comes at a time when the pandemic-driven shift to distant working and an increase in cyber assaults has spurred demand for antivirus and digital safety software program.
Looking for to create a pacesetter in shopper safety software program, US-based NortonLifeLock Inc in August agreed to purchase London-listed rival Avast Plc for as much as $8.6 billion.
Shares of McAfee, which made its market debut final 12 months, closed 20% increased on Friday at $25.46.
The corporate mentioned in March it could promote its enterprise enterprise to a consortium led by Symphony Know-how Group for $4 billion in money.
(Solely the headline and film of this report might have been reworked by the