UK clears $8.1B merger between NortonLifeLock and Avast

UK clears $8.1B merger between NortonLifeLock and Avast

2 years ago
Anonymous $Dcz6_RW03I

https://techcrunch.com/2022/09/02/uk-clears-8-1b-merger-between-nortonlifelock-and-avast/

The U.K.’s Competition and Markets Authority (CMA) has formally cleared the proposed $8.1 billion merger between cybersecurity giants NortonLifeLock and Avast, a month after provisionally greenlighting the deal.

The merger has been hanging in the balance since plans were first revealed last August. The CMA revealed in March that it was launching an investigation, stating that that combining two closely-aligned market-leading rivals raised significant competition concerns. And this is true, as both companies are among the major players in the cybersecurity space, with products spanning antivirus, identity protection, VPNs, and more.