UK Regulator Probes NortonLifeLock $8.6B Cyber Security Deal

Britain’s competition regulator has launched an investigation into whether a takeover by cybersecurity firm NortonLifeLock of London-listed rival Avast will reduce choice for customers in the country.

The Competition and Markets Authority announced on Wednesday, January 19, it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 16 for a preliminary decision.

The deal, announced in August for up to US$8.6 billion in cash and shares, aims to create a leader in consumer security software.

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