PRAGUE, Czech Republic – Czech anti-virus software maker Avast Software will assume control over its Dutch opponent AVG Technologies for 31.7 billion Czech koruna (1.17 billion euros, $1.3 billion), the two organizations said on Thursday, July 7.
"Consolidating Avast's and AVG's clients, the association will
have a system of more than 400 million endpoints, of which 160 million are
portable," Avast and AVG said in a joint articulation.
"The exchange is organized as an all-money delicate offer for all
exceptional normal shares of AVG at a cost of $25.00 per offer in real
money," they included.
Affirmed by both organizations' sheets, the exchange is because of
close in September or October.
The Prague-based Avast and AVG, which is situated in Amsterdam and
recorded in New York, were both established in the Czech Republic at the turn
of the 1980s and 1990s.
The organizations' advancement focuses are situated in the Czech urban
communities of Prague and Brno, while their key business sector is the United
States.
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