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Thursday, November 6, 2014

Security software maker AVG approached by possible buyers -WSJ, (NYSE: AVG)

AVG Technologies NV has been approached by possible 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. ( AVG Technologies provides software that neutralizes viruses and spams and provides internet security.Private-equity firms have been increasing their bets on security-focused technology providers, WSJ reportedAVG could not be reached immediately for comment.

AVG Technologies N.V. (AVG), provides software and online services. Shares of AVG fell by 1.07% or $-0.19/share to $17.62. In the past year, the shares have traded as low as $15.19 and as high as $21.35. On average, 312817 shares of AVG exchange hands on a given day and today's volume is recorded at 505157.