NortonLifeLock buys Avast and CCleaner for 8 billion dollars

NortonLifeLock buys Avast and CCleaner for 8 billion dollars
Consolidation among antivirus vendors continues, as American NortonLifeLock acquired Czech-based Avast for appx. $8bn. As part of the deal, Avast-owned CCleaner is now also part of NortonLifeLock's portfolio.

NortonLifeLock offers two options for Avast shareholders to pay for the purchase: first option includes 31 percent cash and 69 percent stock, while the other option pays 90 percent of the acquisition in cash and 10 percent in stock. In both options, the valuation of Avast is appx. $8bn, appx. 7.2 billion euros. Avast, while based in Czech, has been listed in London stock exchange.



Both companies have focus on cosumers and small businesses. NortonLifeLock was previously a subsdiary of Symantec, but was spun off as its own company after Broadcom acquired Symantec's enterprise business. Avast, meanwhile, has always focused on consumers and small businesses.

Avast expanded its own portfolio back in 2017 when it acquired Piriform, the maker of popular PC cleanup tool CCleaner.

NortonLifeLock has expanded recently through acquisitions: back in December, 2020 the company bought Avira for $360 million.

Written by: Petteri Pyyny @ 11 Aug 2021 5:23
Tags
acquisitions AntiVirus NortonLifeLock Avast
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  • 1 comment
  • borhan9

    I am searching on the net for the best free anti virus of 2021 now and after a long break have come back to AD and read this article and I am not sure if this is what I would put on for my auntie?

    I am going to search on the forums to see what is out there via the AD community

    Edited by DVDBack23


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