Avast Buys Out Antivirus Rival AVG For $1.3 Billion

The antivirus market has evolved over the past decade as operating system security tightens and consumers become more conscious about their online activity.

Earlier today, Avast announced that it would be purchasing fellow rival antivirus giant AVG in a stock buyout worth a whopping $1.3 billion.

The purchasing process will take several months to complete, but Avast CEO Vincent Steckler has written a post on their company blog giving more insight about the acquisition.

Once the buyout is finished, Avast will have its software on over 400 million devices including 250M users running their PC/Mac software and 160M users on mobile devices.

Via: LifeHacker
Source: Avast Blog
Photo Credit: AVG/Flickr