Antivirus firm Avast has announced a deal to buy rival company AVG for $1.3 billion (£1bn).The transaction is an-cash offer for AVG's shares at a price of $25 per share. Avast will finance the deal with existing cash reserves and debt financing from third party lenders.The company said the purchase would help it "gain scale, technological depth and geographical breadth". The sale price represents a 32 per cent premium on AVG's average price per share over the last six months.
Read more:- Avast to buy antivirus rival AVG for $1.3 billion | WIRED UK
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