NortonLifeLock delays completion of deal for Avast – Security

Victoria D. Doty

US cyber safety agency NortonLifeLock has delayed the predicted completion day for its buyout of London-detailed rival Avast to April 4, saying it was awaiting regulatory nods in the United Kingdom and Spain.

The dollars-and-inventory deal, valued at up to US$8.6 billion (A$12 billion) when it was first declared in August last yr, was previously anticipated to shut on February 24.

NortonLifeLock’s shares had been down 2.1 p.c in prolonged trading.

The takeover has captivated the scrutiny of Britain’s levels of competition regulator, and the company in January launched an investigation into whether the deal will minimize selection for customers in the place.

The regulator has established a deadline of March 16 for a preliminary conclusion.

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