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Security software maker AVG approached by possible buyers - WSJ

Published 07/11/2014, 00:39
Updated 07/11/2014, 00:40
© Reuters An AVG logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

(Reuters) - AVG Technologies NV has been approached by potential buyers amid a wave of deals for security-software makers, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

There is no formal sale process, but should there be a deal, it would likely come together in the coming months, according to the report.

Amsterdam-based AVG Technologies provides software that neutralises viruses and spams and provides internet security.

Private-equity firms have been increasing their bets on security-focused technology providers, WSJ reported

© Reuters. An AVG logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

AVG could not be reached immediately for comment.

(Reporting by Rosmi Shaji in Bangalore)

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