NortonLifeLock is planning to acquire Avast Software, the Czech-based cybersecurity software company that similarly grew to fame with its antivirus software and other computer security software solutions. Following an initial report from The Wall Street Journal earlier this week, Avast has confirmed that it is in “advanced discussions about a cash-and-stock deal” with NortonLifeLock. Sources say that the negotiations could be completed as early as this month. Avast currently offers a range of security software, which includes everything from free antivirus to privacy-focused services such as a VPN and secure browser.
A deal could be completed this month, assuming talks don’t fall apart, according to people familiar with the matter. Avast has a market value of around £5.2 billion (around $7.2 billion). Assuming a typical deal premium, the deal could value the cybersecurity firm at more than $8 billion.
Source: The Wall Street Journal