AVG Technologies Stock Up On Report Of Approach By Potential Buyers

(RTTNews) - Shares of AVG Technologies N.V. (AVG) gained around 11 percent in the after hours trading on Thursday after the Wall Street Journal reported that the provider of software and online services has been approached by potential buyers amid a wave of deals for security-software makers.

The WSJ, citing people familiar with the matter, reported that there is no formal sale process. But, if there is a deal, it would likely come together in the coming months.

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

In September, AVG announced a definitive agreement to acquire privately-held Location Labs, a global pioneer in mobile security for humans.

AVG Technologies shares closed Thursday's regular trading at $17.62, down 1.07 percent. In the extended trading, shares gained 11.01 percent to $19.56.