UK competition regulator probes NortonLifeLock $8.6 bln takeover of Avast
Register now for FREE unlimited access to Reuters.com
LONDON, Jan 19 (Reuters) - Britain's competition regulator has launched an investigation into whether a takeover by U.S. cybersecurity firm NortonLifeLock Inc of London-listed rival Avast Plc (AVST.L) will reduce choice for customers in the country.
The Competition and Markets Authority said on Wednesday it had launched a merger inquiry, inviting comments from interested parties and giving a deadline of March 16 for a preliminary decision.
The deal, announced in August for up to $8.6 billion in cash and shares, aims to create a leader in consumer security software. read more
Register now for FREE unlimited access to Reuters.com
Reporting by Andres Gonzalez, editing by Iain Withers
Our Standards: The Thomson Reuters Trust Principles.