Intel is looking at options for Intel Security, including potentially selling the antivirus software maker formerly known as McAfee which it bought for $7.7 billion almost six years ago.

The Silicon Valley chipmaker has been talking to bankers about the future of its cybersecurity unit in a deal that would be one of the largest in the sector, according to people close to the discussions. Intel declined to comment.

Private equity buyers are increasingly interested in cyber security firms, anticipating strong cash flow as corporate customers become increasingly worried about protecting their business from cyber attacks. A group of PE firms might club together to buy Intel Security if it is sold for the same price or higher than the $7.7 billion Intel paid for it.

Earlier this month, Bain Capital sold Blue Coat Security to Symantec for almost twice what it paid the cyber defence company last year. Vista Equity Partners also bought Ping Identity which had been planning an IPO at the start of June.– (Copyright The Financial Times 2016)