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Intel acquires $16 million stake in Grisoft

by - source: Tom's Hardware

Despite the fact that Monday was a holiday for the U.S., it looks like American chipmaker Intel was busy over the weekend. On Tuesday, the company announced that it had paid $16 million for a 65 percent stake in software developer Grisoft and its flagship AVG Anti-Virus product. The deal, which totaled $52 million, also saw a $36 million investment from private equity firm Enterprise Investors.

Read the complete story . (Ars Technica)

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