Jul, 2016 : AVG to be Bought by Avast for $1.3 Billion


📅 - AVG and Avast have come to an agreement an Avast Software will buy AVG Technologies NV for $1.3 billion. They will add software for mobile phone protection from malware as a part of their plan with the technology.

Avast is backed by CVC Capital Partners and will start a tender offer in Amsterdam at $25 a share in cash. That will be about 33% above the asking priced on the New York Stock Exchange for the company.

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