Cybersecurity
Avast Shares Jump on Advanced Talks With NortonLifeLock
- NortonLifeLock has Aug. 11 deadline to commit to takeover bid
- Both companies sell cybersecurity protection for consumers
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Avast Plc’s shares jumped the most in more than a year after the cybersecurity software company said it’s in advanced talks to sell itself to NortonLifeLock Inc.
An offer is likely to involve a mix of cash and shares, though there’s no certainty that a transaction will take place, Avast said in a statement late Wednesday. NortonLifeLock separately confirmed the discussions and said no agreement has been reached. The U.S. company has until Aug. 11 to announce its intention to make a bid.