McAfee nears deal to sell itself to Advent for over $10 billion: Report

Cyber security firm McAfee Corp is nearing a deal to sell itself to US private equity firm Advent International for more than $10 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The deal could be announced on Monday, although the talks could still fall apart, the report said.

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

The potential deal comes at a time when the pandemic-driven shift to remote working and a rise in cyber attacks has spurred demand for antivirus and digital security software.