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8/10/2021, 11:39 PM (Source: TeleTrader)
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NortonLifeLock to buy UK cyber firm for $8B

NortonLifeLock antivirus vendor confirmed on Monday its plans to purchase British cyber firm Avast PLC in a deal valued between $8.1 billion and $8.8 billion.

The combined entity would serve over 500 million cybersecurity customers, including 40 million direct customers. The merger strategy would allow creating an industry-leading cyber-safety business involving the technology and innovations of both companies.

"This transaction is a huge step forward for consumer Cyber Safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely. [...] We will also have the ability to further accelerate innovation to transform Cyber Safety," said Vincent Pilette, NortonLifeLock CEO.

Baha Breaking News (BBN) / LH