AfterDawn: Tech news

NortonLifeLock buys Avast and CCleaner for 8 billion dollars

Written by Petteri Pyyny @ 11 Aug 2021 5:23 User comments (1)

NortonLifeLock buys Avast and CCleaner for 8 billion dollars

Consolidation among antivirus vendors continues, as American NortonLifeLock acquired Czech-based Avast for appx. $8bn. As part of the deal, Avast-owned CCleaner is now also part of NortonLifeLock's portfolio.
NortonLifeLock offers two options for Avast shareholders to pay for the purchase: first option includes 31 percent cash and 69 percent stock, while the other option pays 90 percent of the acquisition in cash and 10 percent in stock. In both options, the valuation of Avast is appx. $8bn, appx. 7.2 billion euros. Avast, while based in Czech, has been listed in London stock exchange.

Both companies have focus on cosumers and small businesses. NortonLifeLock was previously a subsdiary of Symantec, but was spun off as its own company after Broadcom acquired Symantec's enterprise business. Avast, meanwhile, has always focused on consumers and small businesses.

Avast expanded its own portfolio back in 2017 when it acquired Piriform, the maker of popular PC cleanup tool CCleaner.



NortonLifeLock has expanded recently through acquisitions: back in December, 2020 the company bought Avira for $360 million.

Previous Next  

1 user comment

131.8.2021 07:51

I am searching on the net for the best free anti virus of 2021 now and after a long break have come back to AD and read this article and I am not sure if this is what I would put on for my auntie?

I am going to search on the forums to see what is out there via the AD community

Comments have been disabled for this article.

Latest news

VLC hits milestone: over 5 billion downloads VLC hits milestone: over 5 billion downloads (16 Mar 2024 4:31)
VLC Media Player, the versatile video-software powerhouse, has achieved a remarkable feat: it has been downloaded over 5 billion times.
1 user comment
Sideloading apps to Android gets easier, as Google settles its lawsuit Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09)
Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier.
8 user comments
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments

News archive