Intel takes stake in Czech anti-virus company

Intel has invested $16m (£9.4m) in Czech anti-virus software company Grisoft.

Intel has invested $16m (£9.4m) in Czech anti-virus software company Grisoft.

Grisoft’s AVG anti-virus software is sold to both business and home users and is currently used on 25 million computers around the world, said Intel.

Intel said its investment in Grisoft will help boost the number of subscribers to its products, by giving it wider market reach.

The relatively modest investment is Intel’s biggest-ever equity investment in the central and eastern Europe region. It is still to be approved by the Czech Republic competition council.

Intel invested in three Chinese companies last month.

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