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Wednesday 19 January, 2022

Competition and Mkts

Merger Update: NortonLifeLock/Avast

RNS Number : 8668Y
Competition and Markets Authority
19 January 2022
 

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY NORTONLIFELOCK INC. OF AVAST PLC  

 

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.   

 

The CMA announced the launch of its merger inquiry by notice to the Parties on 19 January 2022 and has a deadline of 16 March 2022 for its phase 1 decision.  

 

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

 

These comments should be provided by 2 February 2022 to:

 

Christon Shenolikar  

[email protected]  

 

Iqra Khanom Uddin 

[email protected]  

 

 

 

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