Avast to acquire antivirus rival AVG for $1.3BN

Although Avast and AVG both offer paid security tools, they are best known for their free antivirus software. Some people confuse the two firms because of the similarity of what they do, and the fact their names begin with the same letters, they were founded at around the same time, and originated in the Czech Republic. but that confusion soon won’t be an issue as today Avast announces it is set to acquire AVG. Avast is offering $25 per share, about $1.3 billion in total, for its rival and is awaiting AVG shareholder approval (Avast, unlike the public and listed… [Continue Reading]