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Avast CEO on why it’s just spent $1.4BN to absorb security rival AVG
Security firm Avast has today confirmed the completion of a $1.4 billion acquisition of fellow Czech-based antivirus company AVG. The deal will see Avast’s customer base nearly double — swelling from 230 million to more than 400 million in total, 160M of whom are mobile users. Read More
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AVG To Buy Family-Focused Mobile Security Company, Location Labs, In Deal Worth Up To $220M
Mobile security company Location Labs is being acquired by online security firm AVG in a deal worth up to $220 million. AVG said today it will pay around $140 million initially to buy Location Labs, plus up to an additional $80 million in cash consideration over the next two years, based on certain performance metrics and milestones being met. Read More
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