UK-based cybersecurity firm Avast Plc said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc.<\/p>\n
If the deal goes through, it will be a cash-and-share offer, Avast said. The company, however, added there was no certainty a deal will be agreed.<\/p>\n
NortonLifeLock confirmed late on Wednesday that it was in discussion with Avast regarding a possible combination, without providing further details.<\/p>\n
Avast makes free and premium security software for desktop and mobile devices under the Avast and AVG brands. It has a market capitalization of 5.20 billion pounds ($7.21 billion), according to Refinitiv data.<\/p>\n
The deal would help Tempe, Arizona-based NortonLifeLock, which primarily deals with consumer cyber safety, expand its focus to consumer software.<\/p>\n
NortonLifeLock was previously known as Symantec Corp, before it sold its enterprise-security business to Broadcom in 2019. It currently sells Norton antivirus software and LifeLock identity-theft-protection products for home and work use.<\/p>\n
Shares of NortonLifeLock fell as much as 4% after the Wall Street Journal first reported NortonLifeLock plans to buy Avast. Shares of the company were flat in trading after the bell.<\/p>\n","protected":false},"excerpt":{"rendered":"
UK-based cybersecurity firm Avast Plc said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc. If the deal goes through, it will be a cash-and-share offer, Avast said. The company, however, added there was no certainty a deal will be agreed. NortonLifeLock confirmed late on Wednesday that it was in discussion with Avast regarding a possible combination, without providing further details. Avast makes free and premium security software for desktop and mobile devices under the Avast and AVG brands. It has a market capitalization of 5.20 billion pounds ($7.21 billion), according to Refinitiv data. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-798750","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=798750"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/798750\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=798750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=798750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=798750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}