Avast is negotiating a takeover by NortonLifeLock

In the antivirus market, this is starting to merge a bit and two Czech companies, AVG and Avast, have been under one wing for some time. And it looks like Avast will merge further. It was announced that the company is interested in the company NortonLifeLockformerly known as Symnatec Corp. Negotiations are already at an advanced stage and the question remains for how much the whole deal could actually take place. Shares of Avast closed at £ 504.2 yesterday, now at £ 591.6, an increase of 17.3%.

This means a value of around GBP 5.2 billion, but the agreement may end (and probably will end) at a different amount. The deal should be paid for both in cash and in the company’s shares. The company’s founders Pavel Baudiš and Eduard Kučera have a 35% share in the company, which puts them in the position of the 6th and 8th richest Czechs, both of whom are also dollar billionaires. The solution from Avast and AVG was used by 435 million people at the end of 2020, of which 16.5 million had one of the paid versions.

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Source: Svět hardware by www.svethardware.cz.

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