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This is no joke. Avast today announced a planned acquisition of his eternal rival and competitor AVG for $1.3 billion. Both companies have the Czech roots and both have started more than 20 years ago. Transaction is now pending the government regulators approval as AVG is listed on the New York Stock Exchange (NYSE). Avast is actually ready to pay +33% of the AVG stock value on the public market which is $25 per share.
It’s not clear what it means for the current Avast and AVG users, but together combined the new Avast will have around 400 million users with the approximate 30% market share on the worldwide consumer antivirus market (according to the latest OPSWAT report).
Source: Avast Official Blog | TechCrunch