Network Associates Buys Back McAfee.com
Micron Technology tentatively agrees to buy Hynix Semiconductor's memory chip operations for $3.8 billion, plus more merger news
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Computer-security software maker Network Associates (NET ) says it will buy back the shares of McAfee.com (MCAF ) for about $205 million in stock. Network Associates spun off McAfee in 1999 and owns 75% of the stock. Terms: 0.675 NET share for each MCAF share. (3/18)
According to press reports, Micron Technology (MU ) has tentatively agreed to buy Hynix Semiconductor's memory chip operations for $3.8 billion and invest another $200 million in Hynix's non-memory chip operations, says an official at Hynix's main creditor bank in South Korea. But a deal could be delayed because of lingering differences over several issues, such as how to deal with Hynix's massive debt, reports the Wall Street Journal. (3/18)