Antivirus firm Avast to Buy its rival AVG for $1.3 Billion

Breaking News for Today:

Antivirus company Avast Software is planning to acquire Dutch rival AVG Technologies for $1.3 Billion in cash.

Avast announced today that it would buy Amsterdam-based AVG Technologies for $25 per share in an all-cash transaction valued at $1.3 Billion in an aim to expand its presence in the emerging markets.

With more than 230 Million users worldwide, Avast provides