Inactive Instrument

Avast plc

Equities

AVST

GB00BDD85M81

UK competition regulator probes NortonLifeLock $8.6 billion takeover of Avast

January 19, 2022 at 08:11 am

LONDON (Reuters) - Britain's competition regulator has launched an investigation into whether a takeover by U.S. cybersecurity firm NortonLifeLock Inc of London-listed rival Avast Plc will reduce choice for customers in the country.

The Competition and Markets Authority said on Wednesday it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 16 for a preliminary decision.

The deal, announced in August for up to $8.6 billion in cash and shares, aims to create a leader in consumer security software.

(Reporting by Andres Gonzalez, editing by Iain Withers)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	FTSE 100	8,187 PTS	+0.28%	-0.07%	-
	GEN DIGITAL INC.	25.78 USD	+0.78%	+4.80%	16.14B

Latest news about Avast plc

ZNet Technologies Partners with Avast for the Cyber Safety of Small Businesses in India	12-19	CI
Avast Introduces Avast One Platinum	09/03/23	CI
Avast Listing Canceled After NortonLifeLock Merger Becomes Effective	13/09/22	MT
NortonLifeLock Expands Board, Adds President Following Close of Avast Merger	12/09/22	MT
NortonLifeLock Completes Avast Acquisition	12/09/22	MT
British Software Group Avast Closes Sale to NortonLifeLock	12/09/22	MT
Avast plc(LSE:AVST) dropped from FTSE All-Share Index	12/09/22	CI
Avast plc(LSE:AVST) dropped from FTSE 100 Index	12/09/22	CI
Avast plc(LSE:AVST) dropped from FTSE 350 (Ex Investment Companies) Index	12/09/22	CI
Avast plc(LSE:AVST) dropped from FTSE All-World Index	12/09/22	CI
Avast plc(LSE:AVST) dropped from FTSE 350 Index	12/09/22	CI
Avast plc(LSE:AVST) dropped from S&P Global BMI Index	12/09/22	CI
NortonLifeLock Inc. completed the acquisition of Avast Plc.	11/09/22	CI
NortonLifeLock's $8 Billion Takeover of Avast Gets Court Approval	09/09/22	MT
FTSE 100 Rises 1.9% as Stocks Recover From Sell-Off	02/09/22	DJ
Pound May Get Limited Support From Any Hints of Larger Rate Hike	02/09/22	DJ
NortonLifeLock Says UK Competition Regulator Approves Pending Avast Merger	02/09/22	MT
FTSE 100 Rebounds From Opening Losses as Energy Stocks Rally	02/09/22	DJ
FTSE 100 Poised for Cautious Gains Ahead of U.S. Jobs Report	02/09/22	DJ
UK clears NortonLifeLock's acquisition of rival Avast	02/09/22	RE
FTSE 100 Edged Higher as Energy Stocks Rally	02/09/22	DJ
British Competition Watchdog OKs Avast's $7 Billion Takeover by NortonLifeLock	02/09/22	MT
UK clears NortonLifeLock's acquisition of rival Avast	02/09/22	RE
Avast Ransomware Shield Offers New Layer of Protection For Businesses In Light of Evolving Threats	24/08/22	CI
UK Software Developer Avast's Interim Earnings Shrink Ahead of Merger with NortonLifeLock	09/08/22	MT

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Company Profile

Avast plc is the world leader in cyber security software. Net sales break down by client type as follows: - individuals (94.6%): development of desktop, server and mobile device security software (Avast and AVG brands), and solutions for privacy control, password management, PC optimization and cleaning, mobile devices and connected devices (including CCleaner, Avast Cleanup, AVG Tune Up, HideMyAss and Avast Passwords). At the end of 2020, Avast plc had more than 435 million active users; - small and medium-sized enterprises (5.4%): development of antivirus and computing protection solutions on the cloud and on site under the Avast and AVG brands. Net sales are distributed geographically as follows: the United Kingdom (9.1%), the United States (39.1%), France (7.8%), Germany (6.7%) and other (37.3%).

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