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NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 04-Aug-2022 | 5:43AM · Edited: 04-Aug-2022 | 5:49AM · 6 Replies ·

 3 Aug 2022
As for the antivirus vendor pact, the $8.6 billion merger was announced in August 2021 and, after a gentle probe, the Competition and Markets Authority (CMA) decided that a closer look was needed in March 2022. That closer look (referred to as a Phase 2 investigation) is pretty much done and dusted and the CMA has provisionally decided that the deal doesn't raise competition concerns in the UK.
[...]
Interested partners have until August 24 to respond to the provisional findings before the CMA issues its final report on September 8. 

https://www.theregister.com/2022/08/03/norton_cma/ 

Replies

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Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 03-Sep-2022 | 3:52PM · Permalink

Looks like its a basically done deal!! 

https://www.gov.uk/government/news/cma-clears-nortonlifelock-avast-merger

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Kudos0

Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 12-Sep-2022 | 7:58AM · Edited: 12-Sep-2022 | 7:59AM · Permalink

NortonLifeLock Completes Merger with Avast - Sep 12, 2022
https://www.prnewswire.com/news-releases/nortonlifelock-completes-merger-with-avast-301621938.html

Kudos0

Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 12-Sep-2022 | 9:48AM · Permalink

Avast and NortonLifeLock merge to tackle new challenges in Cyber Safety - 12 SEP 2022
https://blog.avast.com/avast-nortonlifelock-merge

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Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 31-Oct-2022 | 3:48PM · Permalink

read this:  https://www.makeuseof.com/bullguard-nortons-acquisitions-change-industry/

Kudos0

Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 01-Nov-2022 | 7:10AM · Permalink

BIG customer losses are taking place with uncounted others coming due to the current marketing models in place. Read the forums guys.

SA

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Re: NortonLifeLock and Avast $8.6b deal gets provisional yes from UK regulator

Posted: 07-Dec-2022 | 1:16PM · Permalink

NortonLifeLock Merges With Avast to Form New Company Called 'Gen'

The merged company will maintain the Norton, Lifelock, Avast, and Avira brands, though.

NortonLifeLock has settled on a new company name after merging with antivirus provider Avast two months ago: Gen.

The full name is actually Gen Digital. But the company is already promoting(Opens in a new window) itself as Gen through marketing materials and on its website. The term doesn’t exactly connote cybersecurity or antivirus. However, the newly merged company selected the name to underscore its focus on protecting “digital life.”

“We're all a part of a new generation, regardless of age. It's not Gen X, Y or Z, it's Generation Digital,” says CEO Vincent Pilette, who was previously the head of NortonLifeLock. 

Gen will act as the parent company for several security-related brands including Norton, LifeLock, and Avast, in addition to Avira, AVG, and CCleaner, which were obtained in previous acquisitions. 

But despite the new name, all the separate brands will continue to live on. “Yes, nothing will change on that front. The company name and logo change won’t impact their consumer brands,” a spokesperson for Gen told PCMag. 

NortonLifeLock paid over $8 billion to acquire Avast, which is based in Czech Republic. The newly formed company is now focused on selling security and privacy services to a market of 5 billion internet users. 

https://www.pcmag.com/news/nortonlifelock-merges-with-avast-to-form-new-company-called-gen 

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