Avast and NortonLifeLock In Merger Talks
Cybersecurity software company Avast is in “advanced talks” to merge with security firm NortonLifeLock.
However, Avast were cautious in a statement announcing the discussions.
“There can be no certainty as to whether any transaction will take place or the terms on which any possible merger may be agreed,” the company said yesterday in a statement, explaining the deal may be a cash-and-stock purchase.
NortonLifeLock has until August 11 to announce its intention to make an offer. Prague-based Avast was valued at $7.2 billion at the close yesterday – with the WSJ predicting a deal could value the company at over US$8 billion.
NortonLifeLock has a market value of roughly US$15.6 billion.