On August 11, 2021, NortonLifeLock announced that it had entered into an agreement to acquire Avast in a deal valued at between approximately $8.1 and $8.6 billion. LexisNexis Risk Solutions Announces Definitive Agreement to Acquire ID Analytics from NortonLifeLock Acquisition Will Enhance the LexisNexis Risk Solutions Fraud and Credit Risk Assessment Offerings. NortonLifeLock believes the digital world is only truly empowering when people are confident in their online security. The deal, which was first hinted at by NortonLifeLock and Avast in July, is valued at somewhere around $8 billion. The acquisition sits next to Broadcom's acquisition of agile software development, DevOps and computer security software company CA Technologies Inc. for $19 billion in July 2018, part of the . Once NortonLifeLock's acquisition of the company is complete, Pilette will remain CEO of the new business, while Avast CEO Ondrej Vlcek will become president and join the board, the companies said. NortonLifeLock Looks To Acquire Avast | PYMNTS.com NortonLifeLock shares boom amid $8 billion plan to acquire 11 Aug 2021, 1:25 a.m. To lead in the antivirus market, NortonLifeLock is acquiring free antivirus provider Avast for over $8 billion. NortonLifeLock acquiring Avast to build global security Form 8.3 - NortonLifeLock Inc. 4 existing debt. Rik Turner, principal analyst at Ovum, said NortonLifeLock has a "phenomenal" customer base, and that LifeLock was a "very savvy" acquisition by Symantec in that it was "good tech that breathed new life into the Norton brand." "As for competition, there are a bunch of other names out there now, from Kaspersky (still relevant in consumer), Malwarebytes and the Avast brand, plus a . Avast makes free and premium security software for desktop and mobile devices, while NortonLifeLock primarily deals with consumer cyber safety.The acquisition of Avast will help NortonLifeLock . 020 3134 7213. The acquisition represents a marked vote of confidence in both Avira and the consumer antivirus market. NortonLifeLock Inc. is in talks to buy cybersecurity firm Avast Plc in a deal that would expand the U.S. company's focus on consumer software. Q2 GAAP revenue was $692 million, up 11% in USD. Fenwick & West represented NortonLifeLock in the transaction. The acquisition of Avast will help NortonLifeLock enhance its product portfolio and customer base. NortonLifeLock - Get NortonLifeLock Inc. Report has agreed to acquire cybersecurity firm Avast for cash and stock in a deal valued at between $8.1 billion and $8.6 billion. NortonLifeLock Delivers Solid Q2 Results in Fiscal 2022. NortonLifeLock Inc. is set to buy Avast Plc in a deal valued at as much as $8.6 billion, giving the U.S. cybersecurity company access to one of the biggest customer bases in the industry. NortonLifeLock believes the digital world is only truly empowering when people are confident in their online security. "This acquisition will not affect existing Avira or NortonLifeLock subscriptions," the company added. The Panel's Market Surveillance Unit is available for consultation in relation to the . The stock rally was driven by the company's announcement . NortonLifeLock will acquire Avast as part of a merger valued between $8.1 billion and $8.6 billion. The company is known for . The combined company would have a whopping 25% of the global Windows antivirus market. Avast said late Wednesday that the two were in . Cybersecurity giant NortonLifeLock and its board of directors were hit with a shareholder lawsuit Monday in California Central District Court over the company's proposed acquisition of Prague . We celebrate diversity and are committed to creating an inclusive and accessible environment for all employees. Pending Acquisition of Avast: On Aug. 10, 2021, NortonLifeLock and Avast Plc announced that they agreed to merge. The company also has development centers in Pune, Chennai and Bangalore. . NortonLifeLock shares are soaring a day after the security firm said it would acquire rival Avast in a deal worth between $8.1 billion and $8.6 billion. Another busy day on the cybersecurity front: NortonLifeLock Inc. said late today it's acquiring Avast plc, and McAfee Corp. beat . This booklet, called a Summary Plan Description (SPD), is a brief description of the Acquisition Plan and your rights, obligations, and benefits under the Acquisition Plan as of January 1, 2020. . Subject to regulatory and customary closing conditions, the acquisition is expected to close in the Fiscal 2021 fourth quarter and is not expected to be material to Fiscal 2021 Q4 results. Interestingly, Investcorp acquired Avira eight months ago for a consideration of $180 million, which raises the . To lead in the antivirus market, NortonLifeLock is acquiring free antivirus provider Avast for over $8 billion.. The acquisition still needs the approval of Avast shareholders, who are due to decide on the deal on Thursday. I'd encourage you guys to look at is, as you know, with our recurring business model, and as you know, with customer acquisition, when they get to the first . (b) Motley Fool . . It also occurs months after NortonLifeLock bought up Avira, another free antivirus provider. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. (ii) the voting rights or future acquisition or disposal . NortonLifeLock inc (NASDAQ:NLOK) Q2 . Q2 GAAP operating . name of the Plan was changed from the Symantec Acquisition Plan to the Acquisition Plan. A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. Talent Acquisition . (NortonLifeLock) To lead in the antivirus market, NortonLifeLock is acquiring free antivirus provider Avast for over $8 billion. Nortonlifelock Avira. (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements . London-listed cybersecurity firm Avast (AVST.L) is in advanced talks with U.S. rival NortonLifeLock Inc (NLOK.O) about a merger that would create a clear leader in consumer security software. Under terms of the . Indeed, public filings by NortonLifeLock15 reflect that proposed financing for the acquisition and merger transaction is intended to repay debt under the Credit Agreement (described as "Target Refinancing Indebtedness" in such NortonLifeLock is planning to merge with Avast in a deal worth more than $8 billion, the enterprises announced Tuesday. All Tech News > category news Enterprise > category news Merger and acquisition. The merger promises to create a mega IT security brand . Symantec was originally focused on artificial intelligence-related projects, and . NortonLifeLock hopes today's acquisition will accelerate its international expansion in markets it currently has a small presence. . The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: NortonLifeLock Inc. 23-Dec-2021 / 13:52 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. Based . The deal will see NortonLife . US-based cybersecurity company NortonLifeLock has confirmed that it is currently in the process of acquiring British rival company Avast, in a bid to come up with what is being called a "global security powerhouse.". NortonLifeLock was formed from a spin-off from Symantec in 2019, while Avast acquired rival security software company AVG in 2016. Gary Hendrix founded the company in 1982 with the help of a National Science Foundation grant. Just weeks ago, the two firms had hinted towards a possible collaboration, and now . About NortonLifeLock Inc. NortonLifeLock Inc. (NASDAQ: NLOK) is a global leader in consumer Cyber Safety. We recently spoke with Sarah Hodkinson, head of direct acquisition at NortonLifeLock, about the value of focusing on customer experience (CX), why organizations find it so difficult to implement, and how to measure CX success. The acquisition combines two of the best antivirus software makers. Both have antivirus and VPN products at the forefront of their offerings, but there are distinctions. Subject to regulatory and customary closing conditions, the acquisition is expected to close in the Fiscal 2021 fourth quarter and is not expected to be material to Fiscal 2021 Q4 results. Avast agreed to be . NortonLifeLock is now the Plan Sponsor. NortonLifeLock is a global leader in consumer Cyber Safety. LexisNexis Risk Solutions Announces Definitive Agreement to Acquire ID Analytics from NortonLifeLock Acquisition Will Enhance the LexisNexis Risk Solutions Fraud and Credit Risk Assessment Offerings. NORTONLIFELOCK INC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: . It sells Norton antivirus . NortonLifeLock Inc. is a global leader in consumer Cyber Safety. the acquisition is expected to close in the . Acquisition Ecommerce Manager, North America (All Products) at NortonLifeLock California State University-East Bay View profile View profile badges Q2 GAAP diluted EPS from continuing operations was $0.56, up 100%. Q3 Conference Call Fiscal 2021 Q3 Earnings Call February 4, . The pairing of NortonLifeLock and Avast will create a leader in consumer security software. Avira CEO Travis Witteveen and CTO Matthias Ollig will join the NortonLifeLock leadership team as part of the acquisition, which is expected to close in the fourth quarter of 2021. This news came eight months after NortonLifeLock bought Germany-based Avira , and five years after Avast . Comments. NortonLifeLock Inc., formerly known as Symantec Corporation (/ s m n t k /) is an American software company headquartered in Tempe, Arizona, United States.The company provides cybersecurity software and services. The NortonLifeLock -Avast merger should close in mid-2022. For more than four decades, NortonLifeLock's experience in cybersecurity and identity theft protection has let them help people live their digital lives safely. Tom Jowitt, August 11, 2021, 12:22 pm. According to NortonLifeLock, the new company says that it is a global leader in consumer cybersecurity with almost 50m consumers currently using its products and services. It is an international corporation that specializes in selling security and information management software. For the latest information about Symantec Corporation and Symantec products, please contact press@nortonlifelock.com. Avast: Will the Acquisition by NortonLifeLock Trigger a Change of Control Under the Credit Agreement? The consumer wing of Symantec rebranded to NortonLifeLock, inspired by its 2016 acquisition of identity theft firm LifeLock, after the enterprise software element was sold to Broadcom for $10.7bn in 2019.Today, it still specialises in security products aimed at the consumer - which have sometimes mined cryptocurrencies and auto-renewed when they perhaps shouldn't. The acquisition of Avast will help NortonLifeLock enhance its product portfolio and customer base. Shares of NortonLifeLock, formerly known as . The shares of NortonLifeLock Inc (NASDAQ:NLOK) are up 8.7% this morning to trade at $26.24, following news that the cybersecurity company will buy U.K.-based Avast in a cash-and-stock deal worth . Upon deal close, Avira CEO Travis Witteveen and CTO Matthias Ollig will join the NortonLifeLock leadership team. The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: NortonLifeLock Inc. 23-Dec-2021 / 13:52 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. NortonLifeLock is a Fortune 500 company and a member of the S&P 500 stock-market index. NortonLifeLock is the part of Symantec that was not sold to San Jose-based Broadcom Inc. in a $10.7 billion enterprise security software deal that closed last month. NortonLifeLock shares are soaring a day after the security firm said it would acquire rival Avast in a deal worth between $8.1 billion and $8.6 billion. NortonLifeLock, Avast To Merge Into Antivirus Goliath. Advances NortonLifeLock's aspiration to bring Cyber Safety to everyone. It was approved by NortonLifeLock shareholders on 5 November. Once Norton acquires the Czech antivirus developer, the new firm . Avast is a publicly traded Czech-based cybersecurity company that offers "freemium" software as well as premium. NortonLifeLock closed the acquisition of Avira in January 2021 (Q4 Fiscal 2021). NortonLifeLock has set a special meeting for Nov. 4 to allow shareholders of the Tempe-based consumer cybersecurity company to vote on the proposed $8 billion deal to acquire fellow cybersecurity . NortonLifeLock announced an agreement to acquire Avira, a company that provides a consumer-focused portfolio of cybersecurity and privacy solutions. About NortonLifeLock Inc. (ii) the voting rights or future acquisition or disposal . The merger promises to create a mega IT security brand . Cybersecurity giant NortonLifeLock and its board of directors were hit with a shareholder lawsuit Monday in California Central District Court over the company's proposed acquisition of Prague . NortonLifeLock stock (NASDAQ: NLOK) has seen an impressive rise of 10% over the past week and currently trades at around $26 per share. NortonLifeLock Inc. (d) . NortonLifeLock Inc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: . NortonLifeLock is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. "Avira customers will continue to enjoy the product and services they know and love. Xandr was created in 2018 through the acquisition of an ad exchange and a TV ad tech company to use data collected from phone, internet and TV services to target . That makes it the third-largest security acquisition after Thoma Bravo's $12.3 . NortonLifeLock closed the previously announced acquisition of consumer-focused cybersecurity and privacy player Avira in January in an all-cash deal valued at $360 million from private equity . Only eight months after getting acquired for $180 million, Avira is changing hands again, for double the value: NortonLifeLock today announced that it would acquire the German security firm for . NortonLifeLock. Manasi Varma August 12, 2021. Business. Notice: All information contained in Symantec press releases is accurate and valid as of the date of issue.All content is subject to change. The U.S.-cybersecurity firm believes this combination will untie their complementary product . The deal, which was first hinted at by NortonLifeLock and Avast in July, is valued at somewhere around $8 billion. NortonLifeLock Inc. (d) . NortonLifeLock acquires Avast as McAfee reports solid earnings. NortonLifeLock, formerly known as Symantec, is an American computer software company founded on March 1, 1982. NortonLifeLock is proud to be an equal opportunity employer. NortonLifeLock's (NLOK) deal to acquire UK-based Avast Plc takes a step ahead as the waiting period for a review of the transaction under the Hart-Scott-Rodino (HSR) Act has expired on Nov 12. NortonLifeLock's stock sank 3.86 percent on the news to $25.87 Thursday, while Avast stock soared more than 17 percent to $8.30. NortonLifeLock's proposed acquisition comes just eight months after Investcorp bought privately held Avira for US$180 million, meaning that Avira's valuation has doubled over the span of 2020. NortonLifeLock has bought antivirus rival, Avira, in an all-cash deal for $360 million. Cisco in June closed its acquisition of Kenna Security, . The combined company expands to more than 500 million users globally and $3.5 billion in revenue. The acquisition of Avast will help NortonLifeLock enhance its product portfolio and customer base. The merger promises to create a mega IT security brand devoted to protecting half a billion consumers from both companies. NortonLifeLock and Avast are merging in a deal worth more than $8 billion. For more than four decades, NortonLifeLock's experience in cybersecurity and identity theft protection has let them help people live their digital lives safely. KEY INFORMATION (a) Full name of discloser: Barclays PLC. The U.S.-cybersecurity firm believes the combination will untie their complementary product . NortonLifeLock and Avast are merging in a cash-and-stock mega deal valued at more than $8.6 billion. That makes it the third-largest security acquisition after Thoma Bravo's $12.3 . Avira has a strong userbase in the EU. NortonLifeLock closed the previously announced acquisition of consumer-focused cybersecurity and privacy player Avira in January in an all-cash deal valued at $360 million from private equity player Investcorp Technology Partners. New Company to Serve 500M+ Users Including ~40M Direct Customers NortonLifeLock (NASDAQ: NLOK), a global leader in consumer Cyber Safety, and Avast (LSE: AVST), a global leader in digital security and privacy, are pleased to announce that they have reached agreement on the terms of a recommended merger of Avast with NortonLifeLock, in the form of a recommended offer by NortonLifeLock, for the . NortonLifeLock is working on a deal to acquire Prague cybersecurity software firm Avast, which trades on the London Stock Exchange, The Wall Street Journal reported on Wednesday (July 14). NortonLifeLock is a global leader in consumer Cyber Safety. Read more . The deal will see NortonLifelock acquire all of Avast's shares, and create a much larger cyber security firm. The new capabilities are likely to drive innovation in the company's product portfolio, as well . 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