NortonLifeLock receives okay for $8.6 bn deal to buy Avast

NortonLifeLock, a provider of security software solutions, announced its $8.6 billion merger with Avast is now expected to close on September 12, 2022, following the issuance of the CMA’s final report clearing the transaction.
NortonLifeLock customer base
The Competition and Markets Authority (CMA) confirmed its provisional decision to allow the deal last month, removing the last major hurdle after it had received the green light in the United States, Spain and Germany.

The CMA said the merged company would face significant competition from McAfee and other players, while software giant Microsofts’ security software was now as good as that offered by specialist providers.