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Avast acquires antivirus maker AVG
Avast acquires antivirus maker AVG for $1.3BN to gain scale and dive into IoT security | TechCrunchSecurity 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 — resulting in a transaction that will total around $1.3 billion.
Avast intends to finance the transaction using cash balances it holds, along with committed debt financing from third party lenders.
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.
Avast and AVG: A Future Together
At least one question will become meaningless: Which is better, Avast or AVG? Lets call it Avgast.