Security software company Avast Software to buy Dutch rival AVG Technologies

Q.  Which security software company was set to purchase Dutch rival AVG Technologies for USD 1.3 billion in cash to expand presence in the emerging markets?
- Published on 08 Jul 16

a. Avast
b. Symantec
c. Quick Heal
d. Norton

ANSWER: Avast
 
Security software firm Avast Software indicated it would buy Dutch rival AVG Technologies for USD 1.3 billion in cash to expand the presence in the emerging markets
  • Avast indicated that it will pay USD 25 per AVG share representing a 33 percent premium to AVG stock’s closing price on 6th July 2016
  • Avast provides free and paid software for PCs and mobile devices to businesses and individuals

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