NortonLifeLock CEO Vincent Pilette and CFO Natalie Derse will remain in their positions. Why CIAM matters now (more than ever) and what to look for in a CIAM solution Download nowįollowing the transaction, Vlček is expected to join NortonLifeLock as President and become a member of its board of directors while Pavel Baudiš, co-founder and director of Avast, is also expected to join the board as an independent director.

“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, CEO of Avast.Ĭustomer identity and access management for dummies The merger, which is expected to close in mid-2022, puts Avast's enterprise value between approximately $8.1 billion and $8.6 billion, depending on the results of Avast shareholders’ elections.īoth companies confirmed they were in initial takeover talks back in July, although it was unclear at the time whether a deal would be reached in time for the 11 August deadline set by the UK takeover code.Īvast shareholders will be able to choose either a majority stock option, where they receive 31% of the deal in cash and 69% in stock, or the option to receive 90% in cash and 10% in stock if they “desire immediate liquidity”, according to an investor presentation. UK watchdog takes Norton to court over auto-renewing contracts.Avast and Norton in talks over multi-billion dollar merger.Avast Antivirus Free review: Our favourite free solution.

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