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.
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!
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