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Avast Software Acquires AVG Technologies For $1.3Bn

Avast Software has announced the acquisition of its biggest rival in the security space-AVG Technologies. As per the agreement, Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash, for a total consideration of approximately $1.3B. Both companies are industry pioneers founded in the Czech Republic in the late 1980s and early 1990s, that expanded internationally in the 2000s, and now will be combining complementary strengths to position Avast for continued growth in the security industry. Avast is pursuing this acquisition...