It is anyone’s guess whether the CMA’s resolution, which is expected in mid-to-late 2022, will be positive. Should the NortonLifeLock deal materialise, it go down in history as the largest merger ($8.6 billion) the retail antivirus industry has ever seen. However, the UK Competition and Markets Authority (CMA) initiated a Phase 2 investigation of the merger deal on concerns of potential tech monopoly. ![]() Yet, the company stands tall, or at least, withstands the market storm spurred by the current economic backdrop and prevailing investors’ risk aversion.Ĭoncluding negotiations on August 10 2021, the boards of Avast and NortonLifeLock announced their decision to merge for the “benefit” of “consumers across the globe,” resulting in a better and stronger software product combining Avast’s privacy features with NortonLifeLock’s identity theft protection. On every site.” In February 2020, Avast’s Czech Office for Personal Data Protection declared it had opened an investigation and shut down Jumpshot as a result. Whistleblower testimony and a set of leaked documents from Avast and Jumpshot proved that the latter was offering its clients insights about “Every search. In January 2020, a joint investigation of Motherboard and PCMag revealed that the Free versions of Avast Antivirus and AVG Antivirus were harvesting user data and reselling it to Jumpshot, an advertising subsidiary. Luckily, they returned to the online space soon as no silent evidence proving that Avast and AVG software was indeed capturing and storing private user data was found. Between 20, Avast was dragged into a cybersecurity scandal that led to the temporary removal of Avast and AVG antivirus extensions from Google Chrome, Firefox, and Opera browser stores. Avast also offers a VPN solution for extra safe browsing. Not only do they scan your devices for malware but also verify your network, protect your webcam and prevent suspicious activity by blocking any downloads. ![]() Its Premium antivirus solutions are famous for providing full-range protection against cyber threats. ![]() Despite the wishy-washy decision to sell the Family Safety business in 2021, which cost Avast 1% of its Q1 revenues, or the contended merger with NortonLifeLock, currently under scrutiny by the Competition and Markets Authority (CMA), shares of the Czech-owned cybersecurity company are still a solid investment.Ĭounting more than 435 million users globally and with a rich innovation legacy dating back 30 years, Avast is one of the world’s largest consumer cybersecurity companies. Despite the market ups and downs or insipid corporate decisions, Avast plc stock shares remain a solid investment.The FTSE 350 index skidded 2.60% in the last 6 months. Rising inflation put investors on the back foot.The CPI jumped 9% in the year ending April 2022.
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