Antivirus software has always been a staple in the Windows user software repertoire, and two of the most familiar names in the market is now becoming one. Avast has purchased AVG in a $1.3 billion-dollar deal, which was announced on the former’s homepage.
Both founded and based in the Czech Republic, Avast and AVG has been at the forefront of antivirus software for Microsoft’s operating system, among others, with active users worldwide surpassing 400 millions combined, 160 million of which are on mobile. The combination is expected to expand Avast’s control of 22% of the market; at 32% premium share price, the offer is not a bad deal for AVG either. The deal will still need to go through regulatory review and approval from shareholders, and is expected to close a few months later.
“We are in a rapidly changing industry, and this acquisition gives us the breadth and technological depth to be the security provider of choice for our current and future customers,”
Vince Steckler, CEO, Avast Software
“We believe that joining forces with Avast, a private company with significant resources, fully supports our growth objectives and represents the best interests of our stockholders,”
Gary Kovacs, CEO, AVG
What does this deal mean for Windows users? Basically, you now have one less choice to worry about when it comes to protecting your PC from malware. Stay tuned for more Windows and Microsoft news.
Further reading: Antivirus, Cybersecurity, Microsoft, Windows 10