H Avast acquires the AVG

The Avast Software has agreed to buy the AVG Technologies for 1.3 billion. dollars in cash, in order to add software… for strengthening the protection of mobile phones from malware. The company aims to penetration in a growing number of physical devices connected to the internet.

The offer of Avast, which is supported by the company’s private equity CVC Capital Partners, is in the $ 25 per share, as stressed by the two parties in their current communication. The amount is 33% higher than the closing price of the AVG Wednesday on the New York stock exchange.
As noted by Bloomberg, the agreement between the two companies, which were founded in the Czech republic over 20 years ago – offers on Avast more than 400 million. endpoints, 160 million. of which are mobile. The company stressed that protects 230 million. people and businesses with applications.
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