Norton buys Avast for over $8 billion



Norton buys Avast for over $8 billion: US cyber security giant NortonLifeLock and Avast has signed for a deal worth more than $8 billion to address the growing concern on the ransomware. All credit to the continued pendemic, which has fuelled the online activity. It is a huge step forward for consumer cyber safety and will ultimately enable us to achieve our vision to protect and empower people to live their digital lives safely", Norton chief executive Vincent Pilette said in a joint statement.

 

Avast, which was founded in the Czech Republic, has been creating software for consumers and small businesses for 11 years, and acquired AVG five years ago. At the same time, Norton antivirus has existed in various forms since 1991, and has remained a popular option for consumers for 30 years.

 

Ondrej Vlcek, chief executive of London-listed Avast, said that amid increasing global cyber threats, the tie-up would allow for "enhanced solutions and services, with improved capabilities"...Read More



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