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Breaking News for Today
By james1251 on July 14 2016 | 72 Views
Antivirus company Avast Software is planning to acquire Dutch rival AVG Technologies for $1.3 Billion in cash.
Avast announced today that it would buy Amsterdam-based AVG Technologies for $25 per share in an all-cash transaction valued at $1.3 Billion in an aim to expand its presence in the emerging markets.
With more than 230 Million users worldwide, Avast provides free and paid security software packages for both PCs as well as mobile devices to businesses and individuals.
The deal between the two popular security software companies will provide Avast with 400 Million endpoints -- devices that have some form of Avast or AVG application installed. Around 160 Million of those are mobile.
With access to a large number of devices, Avast will be granted more opportunities in Internet antivirus and security-related business, giving the company a bigger pool of data on malware to offer better security products.