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Nairaland Forum / Science/Technology / Computers / Antivirus Giant Avast Is Acquiring Rival AVG For $1.3b (793 Views)
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Antivirus Giant Avast Is Acquiring Rival AVG For $1.3b by linztech: 10:13am On Jul 10, 2016 |
Avast, which is known for its consumer-grade
antivirus software with over 230 million
users worldwide, has announced that it will
acquire rival AVG for $1.3 billion in an all-
cash deal.
Both firms have their roots in the Czech
Republic. The transaction will allow Avast to
expand its business across more markets
worldwide; together, the two companies
have a user base of about 400 million,
including about 16 million people who use
their mobile security products.
Avast also hopes that its new acquisition will
allow to create better security services for
sectors like small and medium businesses
and IoT hardware. It isn’t yet clear if Avast
will fold AVG’s software offerings into its own
brand or continue to sell them under the
existing banner. |
Re: Antivirus Giant Avast Is Acquiring Rival AVG For $1.3b by Dottore: 10:32am On Jul 10, 2016 |
i hope it wont affect my free and reliable AVG Image shrinker app on my mobile. |
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