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July 7, 2016

Cybersecurity Biz: Avast Acquires AVG in $1.3 Billion Deal

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 of which 160 million [...]

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