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Software maker AVG being approached by potential buyers

Several private-equity firms and at least one tech company have approached AVG Technologies about a possible acquisition, according to the WSJ
By: Michael Hatamoto | Hacking & Security News | Posted: Nov 7, 2014 8:00 pm

Several companies have approached AVG Technologies to discuss a potential buyout, according to anonymous sources. At least one technology company is in the mix, but it appears private-equity firms are at the front of the pack, but names of interested suitors were not made available. If a deal is finalized, it could happen within the next few months, but it's also possible AVG Technologies will sit out and wait for a better deal.

 

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AVG reportedly has at least 187 million active users, including PC users, along with Apple iOS, Google Android, and Microsoft Windows Phone mobile users.

 

The need for enhanced cybersecurity software has given the sector a major boost - and with companies and consumers becoming more aware of cyberattacks - there is money to be made for companies looking to sell.

NEWS SOURCES:Online.wsj.com, Sharefile07.files.wordpress.com

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