Two of the largest antivirus companies in the world, AVG and Avast, will soon become one. Avast has announced it will acquire AVG for $1.3 billion ($25 per share) and it’s currently waiting on AVG’s shareholder approval. Both companies offer paid antivirus tools and are particularly well-known for their free services.
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Vincent Steckler, CEO of Avast, pointed out some of the positive effects of this acquisition:
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.