UK Regulator Says NortonLifeLock's Acquisition of Avast Raises Competition Concern; Avast Shares Fall -- Update

Shares in Avast PLC fell on Wednesday after the U.K. competition watchdog said that NortonLifeLock Inc.'s proposed acquisition of Avast raises competition concerns, and that it intends to refer the case for an in-depth investigation.The Competition and Markets Authority warned that the merger could lead to reduced competition in the U.K. market, as both companies sell cyber-safety software and are close competitors with few other significant rivals.

Both the cybersecurity provider Avast and NortonLifeLock now expect the scheme to become effective in mid-to-late 2022, NortonLifeLock said. NortonLifeLock and Avast now have five working days to submit proposals to address the regulator's competition concerns. The CMA then has a further five days to consider whether to accept the offer instead of referring the case for an in-depth phase 2 investigation.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

How the Stock Market ‘Fear Index' WorksThe VIX can spike when investor concerns are heightened by events like the raising of interest rates by the Federal Reserve or the Covid-19 pandemic. acorns So it's like an algorithmically stabilized market... acorns Down only and still no vix spike… demp yeeet HassanFirouzi is in prison. He is asking to see his daughter before his death. He says: We had this child after 10 years and I have seen her only for 18 days. he has been tortured, the government waits for him to get better and then they'll EXECUTE him. Be his voice. MahsaAmini
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