In a merging of titans, Avast intends to acquire free-antivirus vendor AVG for approximately $1.3bn at $25 per share.
The combined entity will give significant scale and market penetration for the Czech pair. Avast states that beyond market penetration, it is will also leverage the pairing to delve further into providing security for IoT devices.
While 2016 may be a slow year for IPO’s, M&A activity seems to be on the up, particularly for more established companies with a revenue stream.
The deal comes a few short weeks after Symantec paid $4.64bn for Blue Coat Systems. While rumors have been circulating that Intel Security may be looking at selling its security division formerly known as McAfee which it bought for $7.7bn.