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Intel spins off McAfee, sells majority stake to TPG

2016-09-08 09:07:00| Telecompaper Headlines

(Telecompaper) Intel has sold a 51 percent stake in McAfee to TPG for USD 3.1 billion, with the total business valued at USD 4.2 billion. The unit will be spun out of Intel Security, keep its McAfee name and operate as an independent cybersecurity company. Chris Young, Intel senior VP and Intel Security general manager, will lead the new company. Intel will retain 49 percent of the company after completion of the transaction, expected near the second quarter, subject to regulatory and other closing conditions. Intel bought McAfee in 2010 for USD 48 per share cash, or a total of USD 7.68 billion.

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Intertape Polymer buys majority stake in stretch film maker Powerbrand

2016-09-02 17:05:37| Canadian Plastics Headlines

Tape and film manufacturer Intertape Polymer Group (IPG) is acquiring a 74% ownership stake in Powerband Industries Private Limited, a global supplier of acrylic adhesive-based carton sealing tapes and stretch films located in Daman, India. The purchase price is approximately… The post Intertape Polymer buys majority stake in stretch film maker Powerbrand appeared first on Canadian Plastics.

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Entergy Restores Power to Majority of Customers After Historic Flooding

2016-08-24 19:39:00| Transmission & Distribution World

Power has been restored to all of the customers who can safely receive it. read more

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Majority of Netflix subscribers to be outside US by 2018

2016-08-23 19:30:01| Digital TV News

By 2018, the number of international Netflix subscribers will overtake the number of US domestic subscribers, according to IHS Markit (Nasdaq: INFO). The total number of Netflix subscribers grew 30 percent between 2014 and 2015 and is forecast to grow 21 percent in 2016.

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