Reuters
2022.08.03 14:09

UK regulator provisionally clears NortonLifeLock-Avast $8.6 bln deal

Aug 3 (Reuters) - Britain’s Competition and Markets Authority (CMA) said on Wednesday it provisionally cleared cybersecurity company NortonLifeLock’s$8.6 billion purchase of peer Avast Plc (AVST.L) . Following a more detailed Phase 2 investigation, the CMA said it concluded that the deal does not raise competition concerns in the UK.

Aug 3 (Reuters) - Britain’s Competition and Markets Authority (CMA) said on Wednesday it provisionally cleared cybersecurity company NortonLifeLock’s (NLOK.O) $8.6 billion purchase of peer Avast Plc (AVST.L) .

Following a more detailed Phase 2 investigation, the CMA said it concluded that the deal does not raise competition concerns in the UK.

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