NortonLifeLock Completes Merger with Avast

[Gandalf_The_Grey]

Content source

https://www.prnewswire.com/news-releases/nortonlifelock-completes-merger-with-avast-301621938.html

TEMPE, Ariz. and PRAGUE, Sept. 12, 2022 /PRNewswire/ -- NortonLifeLock (NASDAQ: NLOK), a global leader in Cyber Safety, today announced it has completed its previously announced acquisition of Avast.

"We believe that everyone deserves the freedom to live their digital lives to the fullest," said Vincent Pilette, CEO of NortonLifeLock and the Combined Company. "Half a billion users trust us to protect and empower their digital lives, and now that NortonLifeLock and Avast have come together, we plan to redefine and reimagine Cyber Safety for consumers and small businesses around the world."

On a provisional basis, shareholders holding 36.505% of the Avast shares elected the Majority Stock Option comprising 0.1937 new NortonLifeLock shares and $2.37 in cash per Avast share, with the remaining 63.495% due to receive the Majority Cash Option comprising 0.0302 new NortonLifeLock shares and $7.61 in cash per Avast share. On a provisional basis and prior to the calculation of the amount of GBP consideration due pursuant to the currency conversion facility, the aggregate consideration due pursuant to the Merger comprises 94,201,223 new NortonLifeLock Shares and cash consideration of approximately $5,970,761,620.

With the completion of the transaction, trading in Avast shares was suspended at 7:30 a.m. BST on September 12, 2022, and the Avast shares will be delisted from the London Stock Exchange effective as of September 13, 2022, at 8:00 a.m. BST.

The Combined Company will operate as NortonLifeLock Inc. and discuss its shared financials and metrics during the fiscal year 2023 second quarter earnings release call. As it starts merging its operations, the Combined Company will soon announce a new name that reflects the forward-thinking vision and scale of its comprehensive Cyber Safety platform and trust-based solutions for consumers around the world. It will also begin trading under a new stock ticker under the new company name on NASDAQ. Until that time, the Combined Company will operate as NortonLifeLock Inc. and continue trading on NASDAQ under its current "NLOK" ticker symbol.

NortonLifeLock Completes Merger with Avast

/PRNewswire/ -- NortonLifeLock (NASDAQ: NLOK), a global leader in Cyber Safety, today announced it has completed its previously announced acquisition of Avast....

www.prnewswire.com

 

[ScandinavianFish]

 

[Gandalf_The_Grey]

As discussed in the Norton topic at Wilders, we have now BANANA AV (Bullgard-Avira-Norton-Avast-Norman-Avg)

The Symantec/Norton Thread.

Norton Security 22.22.4.11 for Windows is now available!...

www.wilderssecurity.com

 

[Zeitas]

Personally, I think this is good. Have NortonLifeLock shares.

 

[Kiss]

Now is it time for Norton to close Avast and AVG like it did bullguard?

 

[Zeitas]

Now is it time for Norton to close Avast and AVG like it did bullguard?

From what I have understood, everything will be as it is. only that they will add components, for example that avast gets some functions from norton and vice versa

 

[Shadowra]

We won't be able to hear that sweet voice you wanted to strangle anymore

Spoiler: Avast :P

 

[Julian RO]

Avast and NortonLifeLock merge to tackle new challenges in Cyber Safety

Independently successful in delivering digital privacy and security, the companies now combine to pursue a new, joint vision.

blog.avast.com

 

[Mystic]

We won't be able to hear that sweet voice you wanted to strangle anymore

Spoiler: Avast :p

I truly miss that

 

[entropism]

If you listen closely, millions of voices just cried out as their privacy went even further in the shitter.

 

[ttto]

Hope Norton adds Avast/AVG's Anti-Theft features in their android app, as in my opinion is the only thing I would change in my Norton product. I don't know why, at first norton had a good anti-theft service, and they decided to stop using it, and remove that feature.