Security giant Avast has announced it intends to acquire fellow Czech-based antivirus software maker AVG for a purchase price of $25.00 per share in cash â€" resulting in a transaction that will total around $1.3 billion.
The deal is aimed at gaining scale and geographical breadth, Avast said today. It also wants to build out its security offerings with an eye on emerging growth opportunities such as in the Internet of Things, as well as on serve existing customers with “more advanced†products.
The transaction is expected to close sometime between September 15 and October 15, 2016, depending on [AVG shareholder approval and] the timing of regulatory review.
https://techcrunch.com/2016/07/07/avast-acquires-antivirus-maker-avg-for-1-3bn-to-gain-scale-and-dive-into-iot-security/
https://blog.avast.com/avast-and-avg-a-future-together
Avast Software agreed to buy AVG Technologies NV for $1.3 billion in cash to add software to protect mobile phones from malware as it aims to tap into the growing number of physical devices connected to the internet.
The deal will give Prague-based Avast more opportunities in internet security-related business, providing it with more scale and an increased geographical reach in both its core business and newer areas such as Internet of Things, according to the statement.
http://www.bloomberg.com/news/articles/2016-07-07/avast-to-buy-avg-for-1-3-billion-adding-security-software
Thats all avast needs..is more bundled crap!!
I am sure they will be well suited together ;)
Avast and AVG become one
Avast Software CEO, Vince Steckler, announces the completion of the acquisition of a majority stake in AVG Technologies... it will operate as a single company as of Monday, October 3, 2016.
https://blog.avast.com/avast-and-avg-become-one