August 12, 2021

2 minutes to read

cyber security company NortonLifeLock Inc. (NLOK) rival bought, Avast For $8 billion (about 159,137,600,000 Mexican pesos), as reported Nasdaq.

According to the terms of this transaction, Avast owners will receive their payment in cash and Norton shares. Executives at both companies make it clear that this merger has both strategic and financial rationale.

They also expressed that the purchase represents an opportunity to create a new cybersecurity business that provides significant benefits to the consumer, shareholders and other interested parties.

to me NasdaqThe merger estimates Avast’s capital to be between approximately $8.1 billion and $8.6 billion. The two companies have been in talks since July, according to information from Reuters.

Avast, founded in Prague, Czech Republic, was the leading antivirus company in Freemium, and by the end of 2020, its desktop and mobile apps had over 435 million active users, of which 16.5 million were premium users.

Without a doubt, the pandemic has changed the world and brought with it a rapid growth of remote work, spurring demand for electronic protection products and services. to me Reuters Avast reported 7.1% organic growth in adjusted revenue to $922 million last year.