A PYMNTS Company

US: $1.3 B antivirus merger gets green light

By  |  September 21, 2016

Avast Software B.V. announced on Wednesday that it has received written confirmation from the Committee on Foreign Investment in the United States (CFIUS) that it has completed its review of Avast’s proposed acquisition of AVG Technologies N.V.  and determined that there are no unresolved national security concerns with respect to such acquisition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The United States FTC has already granted early termination of the waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and Germany’s Federal Cartel Office granted clearance of the tender offer, and the required waiting period under the Austrian Cartel Act expired. With these approvals, all requisite antitrust and regulatory have been obtained.

    The $1.3 billion deal was agreed upon in July and will give Avast more opportunities in internet security-related business, providing it with more scale and an increased geographical reach in both its core business and newer areas.

    Full Content: Business Wire

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.