The CMA has provisionally cleared the anticipated acquisition of Avast by NortonLifeLock following an in-depth merger investigation.
NortonLifeLock and Avast both offer cyber safety software to consumers under a variety of different brands. Products include antivirus software (also known as endpoint security software), privacy software (such as VPNs) and identity protection software. The companies announced plans to merge in a £6 billion deal in August 2021.
The UK’s Competition and Markets Authority (CMA) referred the merger for an in-depth Phase 2 inquiry in March 2022, after identifying competition concerns during an initial Phase 1 investigation.
Following a more detailed Phase 2 investigation, the CMA has now provisionally concluded that the deal does not raise competition concerns in the UK.
The CMA’s investigation has found that the supply of cyber safety software to consumers is rapidly evolving. Providers of both paid-for and free services are continually developing and improving their products over time to meet different and changing customer needs.
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