Intel (NASDAQ:INTC) is reportedly mulling over the sale of Intel Security, the cybersecurity business it built from its $7.7 billion acquisition of McAfee nearly six years ago. The Financial Times, citing sources close to the matter, claims that the sale could be “one of the largest in the sector.”
Potential buyers include private equity firms, which have been pouring billions into cybersecurity companies, or large tech companies interested in diversifying into security solutions. That’s because demand for cybersecurity services will likely soar due to a spike in personal data breaches, which the Identity Theft Resource Center reports nearly doubled to 169 million last year.
Why would Intel sell its security business?
When Intel acquired McAfee, it planned to embed its security features directly into its chips to enable threat detection on a deeper level. Device manufacturers could decide whether or not they wanted to activate the