NortonLifeLock gets US antitrust clearance for merger with Avast

NortonLifeLock Inc. secured U.S. Department of Justice approval for its planned merger with European rival Avast PLC after the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Nov. 12.

The deal is expected to close in mid-2022, subject to certain terms and additional closing conditions, a Nov. 15 statement said.

Cybersecurity company NortonLifeLock in August agreed to acquire and combine with Avast in a cash-and-stock deal with an equity value between $8.1 billion and $8.6 billion.