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McAfee is selling its enterprise cybersecurity unit to Palo Alto-based private equity firm Symphony Technology Group in an all-cash deal worth $4 billion.
The sale comes just five months after McAfee went public on the Nasdaq, following a 10-year hiatus, though its shares have largely wallowed around their IPO price of $20. With this latest move, McAfee is positioning itself entirely as a consumer cybersecurity company, for which it is arguably already better known through products spanning antivirus and VPNs.
Despite its strong brand in the consumer realm, McAfee has always targeted businesses, and today it