Intel sells 51% of its security business to private equity firm TPG to create an independent company in a deal worth about $4.2 billion.
While Intel paid $7.6 billion for McAfee in 2010, the $3.4 billion difference belies the fact that the security unit is still financially strong and Intel's minority position should generate cash for some years to come.
Last quarter it generated $537 million, a 10% revenue increase over the same 2015 period, and through the first half of 2016, revenue grew 11% to $1.1 billion.
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