Hacked: Hacking Finance

Business

Cybersecurity Biz: Avast Acquires AVG in $1.3 Billion Deal

Posted on .

Cybersecurity Biz: Avast Acquires AVG in $1.3 Billion Deal

Introduction

This article was posted on Thursday, 19:37, UTC.

In a significant business deal within the cybersecurity industry, security giant Avast has revealed its intention to acquire antivirus software firm AVG for a transaction of around $1.3 billion. Prague-based security software firm Avast has announced a landmark acquisition which will see the company purchase fellow Czech software giant AVG, in an all-cash deal of $1.3 billion. Avast will offer to purchase all outstanding ordinary shares of AVG for $25.00. The deal will see both companies’ products combine their products under Avast’s banner. Avast states that the combination of users from both Avast and AVG exceeds 400 million endpoints, out…

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.

Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Receive New Posts on Email:



Samburaj Das

Samburaj Das

Samburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.

Navigation
Although he deemed Hillary Clinton’s use of her private email…