NortonLifeLock and Avast Tie-up Falls under UK Competition Regulator's Spotlight

upnorth

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The UK's Competition and Markets Authority has invited comments from industry and interested parties about NortonLifeLock's proposed $8bn purchase of fellow infosec outfit Avast.

The merger inquiry will run until the 16 March when the comments will be collated and assessed to determine if there is sufficient concern to warrant a deeper investigation. "The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002," it said. If that is the case, the watchdog will try to ascertain "whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets" in the UK for goods and services.