Britain’s competition regulator finally approved NortonLifeLock’s takeover of British rival Avast on Friday, signaling the security software market will remain competitive after the $8.6 billion merger of two of the biggest players.
The Competition and Markets Authority (CMA) has confirmed the provisional decision it took last month to allow the deal, thus removing the last major obstacle to the completion of the deal, which has already received the “green light” from the respective authorities of the USA, Spain and Germany.
The CMA noted that the new merged company would face significant competition from McAfee and other smaller players, adding that security giant Microsoft Corp’s security software is now as good as that offered by specialist security software providers.
NortonLifeLock said after the interim ruling that it expects to close the deal this month.
Source: Capital
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