Avast Buys AVG for 1.4 Billion
Posted by: Timothy Weaver on 09/30/2016 08:15 AM
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Avast has confirmed today that it has acquired anti-virus company AVG for 1.4 billion.
The company will see its customer base increase from 230 million to more than 400 million in total, 160M of whom are mobile users.
Avast has said that there will be job cuts, but has not announced the numbers, only that it will be reducing duplicate jobs.
“This was, I think, the fourth attempt we have made in the last two or two and a half years to buy AVG,” Steckler said. “We approached them, we got kind of tired of being constantly turned down — so we approached them kind of one last time and told them hey we’ll pay this amount, no higher, no negotiations, tell us yes or no. And they said yes.
“That came together very, very quick — within a matter of days, really.”
AVG has a big footprint in the English speaking arena while Avast has a customer base in the non-English speaking countries.
Source: Tech Crunch
The company will see its customer base increase from 230 million to more than 400 million in total, 160M of whom are mobile users. Avast has said that there will be job cuts, but has not announced the numbers, only that it will be reducing duplicate jobs.
“This was, I think, the fourth attempt we have made in the last two or two and a half years to buy AVG,” Steckler said. “We approached them, we got kind of tired of being constantly turned down — so we approached them kind of one last time and told them hey we’ll pay this amount, no higher, no negotiations, tell us yes or no. And they said yes.
“That came together very, very quick — within a matter of days, really.”
AVG has a big footprint in the English speaking arena while Avast has a customer base in the non-English speaking countries.
Source: Tech Crunch
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