The United Kingdom authorized the merger of Norton and Avast, giants of cybersecurity
The UK Competition and Markets Authority (CMA) has decided to clear the proposed merger between NortonLifeLock Y avast considering that there are enough competitors in the cybersecurity sector so that this corporate operation is not harmful for the consumers.
The CMA has reached this conclusion after an investigation in the second phase, since at first it had noted competition problems.
The regulator has detailed that the offer of cybersecurity ‘software’ for consumers is evolving rapidly. In that sense, there are continually developing antivirus or VPN providers, both paid and free.
The Authority has indicated that the main competitor of the merged company will be mcafee, as well as other providers in the UK. In addition, it must be taken into account that the cybersecurity solutions that in recent years have included microsoft in Windowsits operating system, is also an important competitor.
“After reviewing the facts in an in-depth investigation, we are satisfied that this agreement will not worsen the options available to consumers. Therefore, we have concluded that the deal can go ahead”, underlined the chair of the CMA inquiry group, Kirstin Baker.
Norton LifeLock and Avast announced their merger in August last year after forging an alliance worth more than 8 billion dollars. It was the third largest purchase in the history of the digital security and antivirus market.
(With information from Europe Press)
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