McAfee to Be Taken Private by Advent-Led Group in $14 Billion Deal

McAfee to Be Taken Private by Advent-Led Group in $14 Billion Deal
Cyber security firm McAfee holds a virtual IPO at NASDAQ Marketsite in the Manhattan borough of New York City on Oct. 22, 2020. Carlo Allegri/Reuters
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McAfee Corp. said on Monday a consortium led by U.S. private equity firm Advent International will take the cyber security company private in a $14 billion deal.

The deal comes as a pandemic-driven shift to remote working and a rise in cyberattacks have spurred demand for antivirus and digital security software.