Norton and Avast are Merging into $8 Billion Antivirus Empire
upstart writes:
Norton And Avast Are Merging Into An $8 Billion Antivirus Empire - The Verge:
NortonLifeLock and Avast are merging in a deal worth more than $8 billion. The deal will see NortonLifelock acquire all of Avast's shares, and create a much larger cyber security firm. With this combination, we can strengthen our cyber safety platform and make it available to more than 500 million users," says Vincent Pilette, NortonLifeLock CEO.
[...] The combination should lead to antivirus products that include the benefits of Avast's focus on privacy and NortonLifeLock's experience in identity, all at a time when cyber security is critical for both consumers and businesses.
[...] Avast, which was founded in the Czech Republic, has been creating software for consumers and small businesses for 11 years, and acquired AVG five years ago. NortonLifeLock is the former consumer side of Symantec, which was left behind after Broadcom acquired Symantec's enterprise security business two years ago. Norton antivirus has existed in various forms since 1991, and has remained a popular option for consumers for 30 years.
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