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.
View full story
ORIGINAL SOURCE: Hacker News
