NortonLifeLock, Avast announce merger for over $8 billion

In a major move in the world of cybersecurity, two majors - NortonLifeLock and Avast, have announced a merger. The resulting conglomerate is expected to be one of the biggest entity in consumer cybersecurity segment.

Cybersecurity major NortonLifeLock is set to buy rival Avast. The deal has been announced by the two giants on Wednesday and will involve an amount of over $8 billion (~Rs. 59,560 crore). With this, the two companies will work together towards expanding their cybersecurity consumer business. Boards of NortonLifeLock and Avast believe that the merger will bring substantial strategic and financial benefits to the firms. For starters, it will create a new, industry-leading consumer Cyber Safety business based on the established technology and brands value of both majors.