The antivirus world is about to get a little smaller, as Avast has announced that it plans to buy AVG for $1.3 billion. That represents a $25 per share price in what is expected to be an all-cash deal.
From Avast:
The process does not allow us to talk a lot about how we would operate after combining, etc. so I can just say a little. I do think this combination is great for our users. 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.
The deal is still in the preliminary stages, requiring approval from AVG's shareholders, as well as that of government regulators. Overall, the process is expected to "take a few months," according to Avast's blog post.
Thanks for the tip, Laura!
We may earn a commission for purchases using our links. Learn more.

Grab one of these great CPUs for your next custom PC build or upgrade
No matter what level of performance you're looking for, there's no doubt a processor (CPU) out there for your custom PC. And we've rounded up the best options right here.

Need a new laptop to run VR? Here are the best devices out there now.
Using a laptop to power your VR system makes it easy to take it with you wherever you go. Not just any laptop is going to work for VR, though, so we rounded up your best options right here.

Lenovo's new ThinkPad P16 (Gen 1) is an ideal blend of the P15 and P17
Lenovo unveiled the new ThinkPad P16 (Gen 1) today. It's a mobile workstation with Intel's 12th Gen HX-series CPUs and high-end 16-inch displays, ideal for professionals on the move.

The best photo editing apps for Windows 10
Whether you need to remove red eyes or do heavy duty editing, these are the best photo editing apps for Windows 10.