John McAfee who in 2010 sold the antivirus company, McAfee to Intel for billions of dollars, after which they renamed it to “Intel Security ” is sueing Intel for rights to his name.
John McAfee who joined the online gaming company MGT Capital Investments as Chairman and CEO in May with plans to rename the company John McAfee Global Technologies Inc. Intel, which owns McAfee’s “trademarks, tradenames, and associated goodwill,” warned that the rebrand would infringe on those properties.
Bloomberg reports that McAfee sued Intel Corp. for the right to use his name in new ventures after the chip maker bought his former company.
McAfee says Intel warned him that any use of his name will infringe on the company’s trademarks that it acquired with the McAfee deal in 2010, according to his complaint filed Friday in Manhattan federal court. An Intel spokesman didn’t immediately respond to a message seeking comment on the suit.
Private equity firm TPG is among potential bidders for Intel’s McAfee unit and has held preliminary discussions with Intel about a deal that could value McAfee at as much as $3 billion, according to people with knowledge of the matter who asked not to be named because the process is private. Intel is also talking to other potential bidders, including buyout firms and corporate suitors, they said.