- NortonLikeLock ( NASDAQ: NLOK ) won UK antitrust approval for its planned $8.6 billion purchase of Avast Plc ( OTCPK:AVASF ).
- The UK's Competition and Markets Authority approved the transaction after the regulator opened and in-depth probe into the deal in March. Following a consultation that ended on Aug. 24, the CMA has upheld its provisional findings and cleared the deal, according to a post on the CMA's website.
- NLOK said in a statement on Friday that the Avast ( OTCPK:AVASF ) acquisition will close on Sept. 12.
- Recall August, NortonLifeLock agreed to acquire antivirus company Avast for up to $8.6 billion.
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NortonLifeLock wins UK antitrust approval for purchase of Avast Plc