Security → Avast to Buy AVG

Mods please move if this is in the wrong forum

It was just announce that Avast to Buy AVG.
See »www.bloomberg.com/news/a ··· software

Blog by Vincent Steckler, CEO of Avast :
"Avast and AVG: A Future Together"
»blog.avast.com/avast-and ··· together

quote:

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Under an agreement signed with AVG, Avast will be making an offer ($25 per share or about $1.3 billion in total) to buy all shares of AVG's stock which AVG's board is recommending their shareholders accept. If the AVG shareholders do accept, following the various governmental regulators approvals, AVG will become part of Avast and we will jointly work on a great future together. We expect this to take a few months. Now this process is much more complex than this simple description and there are a lot of rules and regulations about the process and what we can say, etc. As a result, at the bottom of this blog entry you will find a page of important disclosures that you should read if you are a shareholder, contemplating being a shareholder, or are just curious.

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quote:

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Our website (and AVG's) contains a lot more information about this transaction - the press release, FAQs, etc. As we are allowed during the process, we will convey to you, our users and customers, all the information that we are allowed. Most importantly though, I assure you that we value every single Avast and AVG user and will do our best in the future to keep you protected and to keep your trust.

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Trying to figure out what AVG has to offer Avast.
I'm not a fan of AVG.
And even with all it's recent bloat, I trust Avast more.

Me too. It could be something like Symantec has done over the years. Buy a company, absorb their tech and then shut the acquisition down...

"Avast acquires antivirus maker AVG for $1.3BN to gain scale and dive into IoT security"

»techcrunch.com/2016/07/0 ··· ncid=rss

Two terrible companies merge into... One huge terrible company?

 
That's along the lines of what I've been wondering...

Will AVG drag Avast down, or will Avast pull AVG up?

Maybe Avast was just after the AVG customer base because it had difficulties growing organically.

It's as if the Detroit Tigers bought the Chicago Cubs, what's the point?

Quite puzzling.

 
MY sentiments EXACTLY !

AVG was good once, but that was a LOOOOONG time ago.