2:02:09 PM PDT - Wednesday, August 10th, 2022

U.K provisionally approves $8.1B NortonLifeLock-Avast merger, citing competition from Microsoft  

By Editor - Wed Aug 03, 5:28 am

The U.K.’s Competition and Markets Authority (CMA) has provisionally greenlighted the proposed $8.1 billion merger of cybersecurity companies NortonLifeLock and Avast, with Microsoft emerging as an unlikely ally as the two companies seek to push the deal over the line. The merger has been hanging in the balance since the two companies first announced their plans in August last year, with the CMA revealing in March that it was opening an investigation as the coming together of two cyber security giants raised competition concerns. Indeed, the two companies offer a range of security software products, spanning antivirus, identity protection, and VPNs, with the CMA noting at the time that the due are “close competitors” with “few other significant rivals.” “We are living more of our lives online and it is vital that people have access to competitive cyber safety software when seeking to protect themselves and their families,” David Stewart, CMA executive director, said at the time. No concerns Fast-forward to today, and the CMA said that it has now concluded that the merger “does not raise competition concerns in the U.K.,” and that there are various alternative free and premium cyber security software products on the market. These include the likes of McAfee, which in fact was recently acquired by an investor consortium for $14 billion , and the mighty Microsoft, which the CMA said “holds a unique position in the market as the owner of the Windows operating system.” Microsoft has indeed bolstered its omnipresent operating system with its own built-in Defender-branded antivirus software — back in June, the company launched Microsoft Defender for Individuals , an online security application for Microsoft 365 Personal and Family subscribers across Windows, MacOS, Android, and iOS. And it also launched a standalone version of Microsoft Defender for Business

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U.K provisionally approves $8.1B NortonLifeLock-Avast merger, citing competition from Microsoft

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