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NortonLifeLock to Buy Avast for as Much as $8.6 Billion

  • Demand rising for cybersecurity software as threats increase
  • Merger of companies will increase users, expand markets
Avast CEO Ondrej Vlcek

Avast CEO Ondrej Vlcek

Photographer: Simon Dawson/Bloomberg
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NortonLifeLock Inc. is set to buy Avast Plc in a deal valued at as much as $8.6 billion, giving the U.S. cybersecurity company access to one of the biggest customer bases in the industry.

Avast stockholders will receive cash and shares that value the deal at $8.1 billion to $8.6 billion, the companies said Tuesday in a statement. Once the merger is completed, NortonLifeLock Chief Executive Officer Vincent Pilette will remain CEO and the company will have dual headquarters in Tempe, Arizona, and Prague. Avast CEO Ondrej Vlcek will become president and join the board, the companies said.