Does Intel want to shift its underperforming security company?
Private equity firm TPG is reportedly in early talks with Intel over the acquisition of its security unit, McAfee.
The deal could be worth $3bn.
The talks are at a very early stage and it is also learned that the chip-making giant may choose to back out from the decision, according to reports from Bloomberg.
TPG is one of the potential bidders in talks with Intel over the buyout according to unamed sources. Intel has also been in talks with equity firms and other corporate suitors which are in the race to acquire McAfee.
Intel has not approached banks to begin a formal sale process.
Equity firms thought to have shown preliminary interest to acquire the business include Permira Holdings and Thomas Bravo.
Cybersecurity market growth is attracting private equity and has spurred M&A activity. Recently Symantec acquired Blue Coat Security from Bearn Capital and Vista Equity Partners acquired Ping Identity.
Intel acquired McAfee for $7.7bn in 20011. to build security features into its silicon-based products.