Smith Micro Software announced that it has completed its previously announced acquisition of Avast’s Family Safety Mobile business. Smith Micro paid an aggregate purchase price of approximately $66 million, excluding customary purchase price adjustments, to Avast on completion in a combination of cash and Company issued stock. The agreement is also subject to a potential additional earn-out based on certain performance criteria being satisfied. A Current Report on Form 8-K containing further details regarding the closing of the transaction and the terms thereof will be filed by the Company.
Source: https://www.helpnetsecurity.com/2021/04/20/smith-micro-software-avast/