Friday, August 13th 2021

NortonLifeLock and Avast to Merge to Lead the Transformation of Consumer Cyber Safety

NortonLifeLock , a global leader in consumer Cyber Safety, and Avast, a global leader in digital security and privacy, are pleased to announce that they have reached agreement on the terms of a recommended merger of Avast with NortonLifeLock, in the form of a recommended offer by NortonLifeLock, for the entire issued and to be issued ordinary share capital of Avast.

Under the terms of the merger Avast shareholders will be entitled to receive a combination of cash consideration and newly issued shares in NortonLifeLock with alternative consideration elections available. Based on NortonLifeLock's closing share price of USD 27.20 on July 13, 2021 (being the last trading day for NortonLifeLock shares before market speculation began in relation to the merger on July 14, 2021, resulting in the commencement of the offer period), the merger values Avast's entire issued and to be issued ordinary share capital between approximately USD 8.1B and USD 8.6B, depending on Avast shareholders' elections.
The boards of NortonLifeLock and Avast believe that the merger has compelling strategic and financial rationale and represents an attractive opportunity to create a new, industry-leading consumer Cyber Safety business, leveraging the established brands, technology and innovation of both groups to deliver substantial benefits to consumers, shareholders, and other stakeholders.

"This transaction 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," said Vincent Pilette, Chief Executive Officer of NortonLifeLock. "With this combination, we can strengthen our Cyber Safety platform and make it available to more than 500 million users. We will also have the ability to further accelerate innovation to transform Cyber Safety."

"At a time when global cyber threats are growing, yet cyber safety penetration remains very low, together with NortonLifeLock, we will be able to accelerate our shared vision of providing holistic cyber protection for consumers around the globe," said Ondřej Vlček, Chief Executive Officer of Avast. "Our talented teams will have better opportunities to innovate and develop enhanced solutions and services, with improved capabilities from access to superior data insights. Through our well-established brands, greater geographic diversification and access to a larger global user base, the combined businesses will be poised to access the significant growth opportunity that exists worldwide."

Strategic and Financial Benefits
  • Accelerates the transformation of consumer Cyber Safety with over 500 million users;
  • Combines Avast's strength in privacy and NortonLifeLock's strength in identity, creating a broad and complementary product portfolio, beyond core security and towards adjacent trust-based solutions;
  • Strengthens geographic diversification and facilitates expansion into the SOHO / VSB segments;
  • Unlocks significant value creation through approximately USD 280 million of annual gross cost synergies, with additional upside potential from new reinvestment capacity for innovation and growth;
  • Brings together two strong and highly experienced consumer-focused management teams.
The Merger will also enhance the financial profile of the combined company through increased scale, long-term growth, cost synergies with reinvestment capacity and strong cash flow generation supported by a resilient balance sheet, and is expected to drive double-digit EPS accretion within the first full year following completion of the Merger and double-digit revenue growth in the long-term.

Organization and Management
Following the completion of the transaction, NortonLifeLock's CEO, Vincent Pilette, will remain CEO, NortonLifeLock's CFO, Natalie Derse, will remain CFO, and Avast's CEO, Ondřej Vlček, is expected to join NortonLifeLock as President and become a member of the NortonLifeLock Board of Directors. In addition, Pavel Baudiš, a co-founder and current director of Avast, is expected to join the NortonLifeLock Board as an independent director.

On completion of the merger, the combined company will be dual headquartered in Prague, Czech Republic, and Tempe, Arizona, USA, and will have a significant presence in the Czech Republic. The combined company will be listed on NASDAQ.

Transaction Details
For specific details of the proposed transaction please visit our transaction microsite.
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31 Comments on NortonLifeLock and Avast to Merge to Lead the Transformation of Consumer Cyber Safety

#1
ThrashZone
Hi,
Doubt anyone still using bloated avast was any fan of norton so this merger is likely the last straw to get them on a real antivirus like webroot or bit defender/... unless norton buys all competition out lol

By the way this isn't really news it was posted a week ago.
Posted on Reply
#2
zlobby
ThrashZoneHi,
Doubt anyone still using bloated avast was any fan of norton so this merger is likely the last straw to get them on a real antivirus like webroot or bit defender/... unless norton buys all competition out lol

By the way this isn't really news it was posted a week ago.
For Windoze their defender does a good job. The rest is just good digital habits.
Posted on Reply
#3
ThrashZone
zlobbyFor Windoze their defender does a good job. The rest is just good digital habits.
Hi,
Yeah well most people have bad habits so windows defender or now microsoft defender is not good at all.
Case and point ransom ware stuck a hole in defenders ass lol
Posted on Reply
#4
trparky
I've been using Avast myself but no more, I will not use anything connected with that piece of trash company known as Norton.
Posted on Reply
#5
TheinsanegamerN
ThrashZoneHi,
Yeah well most people have bad habits so windows defender or now microsoft defender is not good at all.
Case and point ransom ware stuck a hole in defenders ass lol
Defender uses the same definition files as any other antivirus you can use for free. Your avast/webroot/bitdefender run ont he same lists and will do no better of a job.
Posted on Reply
#6
ThrashZone
TheinsanegamerNDefender uses the same definition files as any other antivirus you can use for free. Your avast/webroot/bitdefender run ont he same lists and will do no better of a job.
Hi,
Big difference is I know people hit by ransom ware couple times using only defender
Then finally switched to webroot and no more in a year so yeah defender is just junkware.
Posted on Reply
#7
bug
I was meaning to replace Avast (any advice?) ever since they've started informing me that my system is not in top shape and their paid-for tools can help fix that. Now that they've merged with Norton, I may probably get off my butt and make it happen.

Anyone else remembers when Norton Utilities was the first this you installed on a PC, after the OS? (Yes, I'm that old.)
Posted on Reply
#8
zlobby
ThrashZoneHi,
Yeah well most people have bad habits so windows defender or now microsoft defender is not good at all.
Case and point ransom ware stuck a hole in defenders ass lol
Properly tuned Win 10 Defender should also protect from ransomware and other malware threats.

Given, no antivirus suite can compensate or even acount for user behavior, so that point is moot. I can give as much examples as anyone wants.
bugI was meaning to replace Avast (any advice?) ever since they've started informing me that my system is not in top shape and their paid-for tools can help fix that. Now that they've merged with Norton, I may probably get off my butt and make it happen.

Anyone else remembers when Norton Utilities was the first this you installed on a PC, after the OS? (Yes, I'm that old.)
Are you F-Prot old?
Posted on Reply
#9
ThrashZone
zlobbyProperly tuned Win 10 Defender should also protect from ransomware and other malware threats.

Given, no antivirus suite can compensate or even acount for user behavior, so that point is moot. I can give as much examples as anyone wants.
Hi,
You're post is also more than moot point lol a properly tuned 10 defender lol
Posted on Reply
#10
TheinsanegamerN
ThrashZoneHi,
Big difference is I know people hit by ransom ware couple times using only defender
Then finally switched to webroot and no more in a year so yeah defender is just junkware.
I know people who were hit by ransomware because they cant stop clicking things, I put a pear on their desktop now they dont get ransomware. Conclusion: CD ROMs are the future.
ThrashZoneHi,
You're post is also more than moot point lol a properly tuned 10 defender lol
Well if you dont turn on ransomware protection, especially if you are not fully up to date, then of course it isnt going to work. It's literally the same definitions and all free antivirus sits in the same 97-98% catch rate.
Posted on Reply
#11
bug
zlobbyAre you F-Prot old?
Yes, but I was using RAV at the time.
Posted on Reply
#12
CrAsHnBuRnXp
No one in their right mind is going to want/care about this since they're both garbage.
Posted on Reply
#13
zlobby
ThrashZoneHi,
You're post is also more than moot point lol a properly tuned 10 defender lol
I'm sad to inform you but Defender is not just a single antivirus program. Its capabilitues extend far and beyond. Granted, not all bells and whistles are available in Home edition.
Posted on Reply
#14
Jermelescu
bugI was meaning to replace Avast (any advice?) ever since they've started informing me that my system is not in top shape and their paid-for tools can help fix that. Now that they've merged with Norton, I may probably get off my butt and make it happen.

Anyone else remembers when Norton Utilities was the first this you installed on a PC, after the OS? (Yes, I'm that old.)
I've been using BitDefender for a long time now and never had any issues, even though I'm sometimes retarded on the interwebz and click on all sorts of shady things. Only with Windows Defender I've had some issues, but that was in 2017 or so.
And as a bonus I can't recommend AdGuard enough. You can buy a lifetime licence usable on 3 devices for $19.99 and it's literally the best thing ever both for the PC and for a phone.
Posted on Reply
#15
Steevo
bugI was meaning to replace Avast (any advice?) ever since they've started informing me that my system is not in top shape and their paid-for tools can help fix that. Now that they've merged with Norton, I may probably get off my butt and make it happen.

Anyone else remembers when Norton Utilities was the first this you installed on a PC, after the OS? (Yes, I'm that old.)
Yep, and their bootable disk was a money maker for years for me, every family with kids would crash their computer with viruses and then I would magically run the Norton disk and clean it up and charge them 50 or 100 bucks.

Then install malware bytes and depending on how screwed they managed to make it maybe a free version of Norton or AVG, or Comodo
Posted on Reply
#16
neatfeatguy
I used Norton years ago before it became bloated. I had it for 3 or 4 years and then one day when I had to renew it and it installed an updated version. I noticed the UI was overhauled, which isn't really an issue, but it caused my system at the time to come to a crawl. The previous version I was just using wasn't causing any issues. I contacted customer support, they sent me another mirror to download from and had me uninstall and such, but no improvement so I asked for a refund and one was issued and I haven't used them since. I'm kind of surprised folks still use Norton.
Posted on Reply
#17
Nordic
JermelescuI've been using BitDefender for a long time now and never had any issues,
I too use Bitdefender. It is really lightweight and functional.
Posted on Reply
#18
TheUn4seen
...By these powers combined I give you (drum roll) Captain SuperBloatware!
Posted on Reply
#19
ThrashZone
TheinsanegamerNI know people who were hit by ransomware because they cant stop clicking things, I put a pear on their desktop now they dont get ransomware. Conclusion: CD ROMs are the future.


Well if you dont turn on ransomware protection, especially if you are not fully up to date, then of course it isnt going to work. It's literally the same definitions and all free antivirus sits in the same 97-98% catch rate.
Hi,
You just described the general computer user population :clap:
People use products at default settings period it's not their job to optimize anything.
Posted on Reply
#20
lexluthermiester
bugAnyone else remembers when Norton Utilities was the first this you installed on a PC, after the OS? (Yes, I'm that old.)
I do. That was back when Norton was a great company.
Posted on Reply
#21
Vader
TheinsanegamerNDefender uses the same definition files as any other antivirus you can use for free. Your avast/webroot/bitdefender run ont he same lists and will do no better of a job.
This is objectively and demonstrably false. Check The PC Security Channel for their tests. Windows defender is usually worse than most free solutions. Ironically, avast is one of the best (still a bloated POS though)
Posted on Reply
#22
zlobby
TheUn4seen...By these powers combined I give you (drum roll) Captain SuperBloatware!
I laughed out loud for real, especially after watching Planetina's episode of Rick and Morty recently. :D

Edit: I'm thinking of their new marketing campaign - Before you had to choose between a resource hog or ineffectiveness. Look no further - now you have both!
ThrashZonePeople use products at default settings period it's not their job to optimize anything.
It's people's responsibility and people's alone to bear the results of their choices. There are terms and agreements that come with every bit of software for a reason.
It's up to the end-user or their computer administrators (where applicable) to make sure they tune their security solutions until they strike a balance between risk and usability.
Posted on Reply
#23
Robin Seina
I am not using either of them. I used to use avast, but last few years I am using Eset products and my pc runs better for it.
Posted on Reply
#24
bonehead123
No one in their right mind is going to want/care about this since they're both garbage.
By these powers combined I give you (drum roll) Captain SuperBloatware!
^^THESE^^


Many years ago, I tried Nortron's & Ablast's products on several occasions, and found them both to be utter garbazzio......

Nortron's crapfest always caused more problems than it fixed, and Ablast's was sooooo bug-ridden that it constantly fubarred my systems, even after complete reformats and reinstalls of every piece of software I had at the time..... from XP to 8.....

Neva, eva, eva again...
Posted on Reply
#25
amit_talkin
Been using Comodo Free Internet Security Suite for over 10 years now. Never faced any issue.
However, in between, I didn't use any antivirus except defender for almost 2 years, and never got any virus or other kinda malwares. Its all up to you which kinda websites you visit.
And for flash drive origin viruses, I always select flash drive from left navigation bar in explorer and never double click on it. NEVER!
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