An AVG logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 9, 2012. REUTERS/Sean Gardner
Security software company Avast Software said it would buy Dutch rival AVG Technologies for US$1.3bil (RM5.25bil) in cash to expand its presence in the emerging markets.
Avast said it will pay US$25 (RM100.99) per AVG share, representing a 33% premium to AVG stock's closing price on July 6.
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