Prague-based Avast closed its purchase on Friday of AVG Technologies, another software firm with Czech roots specialising in consumer security. The combined company will have over 400 million users and 40 percent of the consumer computer market outside of China. While Avast will delist AVG shares, it has its own plans to eventually offer shares, maybe as soon as 2019. Before that, it must fully integrate AVG and will then look at mid-tier acquisitions for its push into mobile and, possibly, to expand its small- and medium-sized business offering. “We have to digest AVG first and that is going to take us pretty much all of 2017 to really integrate. Then we will look at expanding the business after that,” Avast CEO Vincent Steckler said. “If we do something else to bulk up the company it would be substantive and I expect it would be in the hundreds (of millions of dollars).” Avast had long sought to tie up with AVG, which also started around 25 years ago as then-Czechoslovakia shifted to free markets after decades of communism. The new Avast, which will still offer both brands, will have combined revenue of more than $700 million in 2016. The bulk of that will come from its consumer products, but it wants to grow its income from the mobile and business sectors.
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We will be the leading source of news and commentary for the most diverse and connected generation ever.” Grusd told CNNMoney that, for all of HuffPost’s other offerings, “news and politics is at the core of what we do.” “We are at an incredible period of time to have a highly differentiated point of view in the news and politics landscape,” he said. Grusd joined HuffPost last summer from Spotify, the streaming music company, where he served as global head of corporate development and general counsel. “I believe very deeply in journalism,” he said, “but I also believe in product and video.” At an all-hands meeting last month, the first since Huffington stepped down, Grusd urged HuffPost employees to try new things. “This is true across all aspects of HuffPost,” he told CNNMoney. “We’re experimenting all the time with new product and features.” As an example, Grusd said that HuffPost will unveil a campaign-themed game in the coming weeks that will be played through iMesssage. By most metrics, HuffPost remains a digital powerhouse. In August, it had 55 million desktop visitors, the second largest global audience for that month. HuffPost also consistently has the highest engagement rate on Facebook, according to Newswhip. But the uncertainty there is impossible to ignore. Some staff members are privately anxious about Verizon’s acquisition of Yahoo, wondering what it will mean for them.
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