(Reuters) -UK-based cybersecurity firm Avast Plc said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc. If the deal goes through, it will be a cash-and-share offer, Avast said. Avast makes free and premium security software for desktop and mobile devices under the Avast and AVG brands. The deal would help Tempe, Arizona-based NortonLifeLock, which primarily deals with consumer cyber safety, expand its focus to consumer software. Shares of NortonLifeLock fell as much as 4% after the Wall Street Journal first reported NortonLifeLock plans to buy Avast.

Source: MetroXpress July 14, 2021 19:22 UTC