Avast is acquiring AVG in a $1.3 billion deal

If you are currently using a free antivirus solution, chances are either Avast or AVG is lingering in your task bar, as we speak. Both are pretty powerful all-round solutions, but do tend to target slightly different markets – a fact that vouches well for the $1.3 billion acquisition deal that was announced today.

The offer comes from Avast with an all-cash deal, made possible through cash on hand and debt financing and AVG seems happy to accept, praising the the move as great for both the company’s future and shareholders.

The latter will also be receiving an offer of $25 per…

(1 views)