Posted on 1938 McAfee Corp. (NASDAQ: MCFE)reported entry into a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for USD 4 Billion. The transaction is anticipated to close at the end of 2021, subject to certain customary regulatory approvals and closing conditions. McAfee President and Chief Executive Officer, Peter Leav, commented “STG is the right partner to continue strengthening our Enterprise business, and this outcome is a testament to the business’ industry-leading solutions and most notably to the outstanding contributions of our employees.” Leav added, “This transaction will allow McAfee to singularly focus on our consumer business and to accelerate our strategy to be a leader in personal security for consumers.”