PC World reports that Intel plans to acquire security vendor McAfee in a cash deal valued at about $7.68 billion

Intel said Thursday it plans to acquire security vendor McAfee in a cash deal valued at about $7.68 billion and aimed at enhancing the chip maker's mobile strategy.

Both boards of directors have approved the deal, and McAfee is expected to become a subsidiary within Intel's Software and Services Group.

  Bulletin: Intel to Buy McAfee for $7.68 Billion