Avast Software acquires rival firm AVG

30-09-2016

The Czech-based computer anti-virus and security company Avast Software has acquired a majority stake in the Dutch rival firm AVG Technologies. According to Avast, the acquisition was completed on Friday and as of Monday, October 3, the two will operate as a single company. Avast bought AVG shares for nearly 32 billion crowns (some 1.3 billion dollars) with the aim of expanding its presence in emerging markets. The combined company now has over 400 million users.