Avast got approval for the takeover, stock trading stopped on the 9th of | Business

The British antimonopoly ad CMA approved the purchase of Avast by the American software company NortonLifeLock for 8.6 billion dollars, i.e. 208 billion crowns in total. Konen decided ad ed 8. z.

The CMA launched a review of the transaction earlier this year due to concerns that it could harm competition and make it harder for British consumers to find security software. The agreement was approved by the antimonopoly councils in the USA, Spain and Germany, Reuters reported.

Avast’s stock was up 38 percent in morning trading, trading around K200 a share, Cyrrus analyst Tom Pfeiler said. According to him, the shares are strengthening sharply, because the British regulatory ad issued a positive opinion. The way to complete the transaction is free at this moment. The decision was made much faster than expected. The original assumptions were for the opinion to be issued by the end of this summer, he added.

After a detailed investigation, the CMA said it had concluded that the deal would not raise concerns about competition in Britain. According to AD, the elite company will be joined due to competition from McAfee and other small players.

NortonLifeLock and Avast agreed to a merger last August. The new company will have headquarters in Prague and in Tempe, Arizona, USA. The services are about to be offered to more than 500 million users.

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