Avast to Acquire AVG For $1.3 Billion
Posted by: Timothy Weaver on 07/09/2016 07:06 AM
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The latest news is that Avast is about to acquire AVG for a price of 1.3 billion.
"Under an agreement signed with AVG, Avast will be making an offer ($25 per share or about $1.3 billion in total) to buy all shares of AVG’s stock which AVG’s board is recommending their shareholders accept. If the AVG shareholders do accept, following the various governmental regulators approvals, AVG will become part of Avast and we will jointly work on a great future together. We expect this to take a few months."
"I do think this combination is great for our users. We will have over 250 million PC/Mac users enabling us to gather even more threat data to improve the protection to our users. In mobile, our combined 160 million mobile users will be used to improve protection as well as to provide an important stepping stone into the Internet of things. Additionally, we will be gaining some exciting mobile technology designed to protect families on line. In SMB, we will be better able to support our business users with a larger geographic footprint, better technical support, and the best technologies from our two companies."
Both AVG and Avast have userbases of around 200 million users. Steckler says that, after the acquisition, Avast will have around 250 million PC and Mac users, and another 160 million mobile users. He also highlights that Avast "will be gaining some exciting mobile technology."
Source: Graham Cluley
"Under an agreement signed with AVG, Avast will be making an offer ($25 per share or about $1.3 billion in total) to buy all shares of AVG’s stock which AVG’s board is recommending their shareholders accept. If the AVG shareholders do accept, following the various governmental regulators approvals, AVG will become part of Avast and we will jointly work on a great future together. We expect this to take a few months."
"I do think this combination is great for our users. We will have over 250 million PC/Mac users enabling us to gather even more threat data to improve the protection to our users. In mobile, our combined 160 million mobile users will be used to improve protection as well as to provide an important stepping stone into the Internet of things. Additionally, we will be gaining some exciting mobile technology designed to protect families on line. In SMB, we will be better able to support our business users with a larger geographic footprint, better technical support, and the best technologies from our two companies."
Both AVG and Avast have userbases of around 200 million users. Steckler says that, after the acquisition, Avast will have around 250 million PC and Mac users, and another 160 million mobile users. He also highlights that Avast "will be gaining some exciting mobile technology."
Source: Graham Cluley
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