McAfee nears deal to sell itself to Advent for over $10 bln - WSJ

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Cyber information steadfast McAfee holds a virtual IPO astatine NASDAQ Marketsite successful the Manhattan borough of New York City, New York, U.S., October 22, 2020. REUTERS/Carlo Allegri

Nov 5 (Reuters) - Cyber information steadfast McAfee Corp (MCFE.O) is nearing a woody to merchantability itself to U.S. backstage equity steadfast Advent International for much than $10 billion, the Wall Street Journal reported connected Friday, citing radical acquainted with the matter.

The woody could beryllium announced connected Monday, the study said, adding that talks could inactive autumn apart.

McAfee and Advent did not instantly respond to Reuters requests for comment.

Shares of McAfee roseate much than 19% to $25.25.

The institution said successful March it would merchantability its endeavor concern to a consortium led by Symphony Technology Group for $4 cardinal successful cash. work much

Reporting by Tiyashi Datta successful Bengaluru; Editing by Aditya Soni

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