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Avast acquires antivirus maker AVG for $1.3 billion

Avast Software announced yesterday, July 7, that they plan to acquire AVG Technologies for $1.3bn or $25 a share.

This deal is devised to give the combined companies a better way to handle “modern threats and tackle new risks associated with the Internet of Things (IoT).”

Also, this plan will give them a network of 400 million endpoints, which will help them in detecting and dealing with malware.

However, the deal is yet to become official as the AVG shareholders are still mulling about the $25 a share offer.

In the past year, Avast has acquired privacy services such as Hidemyass and Privax.

Story Source: avast! Blog