NortonLifeLock Inc. agreed to accumulate and mix with cybersecurity agency Avast PLC in a cash-and-stock deal that might lengthen the U.S. firm’s give attention to shopper software program.
Shareholders of Prague-based Avast will obtain a mixture of money and newly issued shares of NortonLifeLock in a deal that has an fairness worth between $8.1 billion and $8.6 billion, the businesses stated.
The Wall Avenue Journal reported in July that the 2 firms were in advanced discussions.
NortonLifeLock, based mostly in Tempe, Ariz., was beforehand generally known as Symantec Corp. earlier than it closed a $10.7 billion deal to promote its enterprise-security enterprise to Broadcom Inc. in 2019. The corporate now primarily sells Norton antivirus software program and LifeLock identity-theft safety merchandise to customers.
Avast primarily makes each free and premium safety software program for customers akin to desktop safety and server and mobile-device safety. Its shares commerce in London.