cash News

Samsung divests its hard-drive unit, sells to Seagate

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it >>

Intel to buy McAfee in $7.7 billion deal

Today, Intel announced that it would purchase antivirus maker McAfee for $7.68 billion in cash. The deal will see McAfee shareholders paid out at $48 per share, a 60% premium on the stocks >>