The billion-dollar deal of Czech tycoons Pavel
Baudiš and Eduard Kučera with NortonLifeLock was sealed. Avast, founded in
1988 in Prague, and NortonLifeLock will merge to lead the transformation of consumer cyber safety.
Shareholders of Prague-based Avast will receive a combination of cash and newly issued shares of NortonLifeLock in a deal that has an equity value between $8.1 billion and $8.6 billion. The merged company's headquarters will be both in Prague and the U.S. city of Tempe, Arizona.
mission is to enable the digital world that provides security
and privacy for everyone. The proposed merger with NortonLifeLock is a
significant step forward on this path. A world leader in cyber security focused
on end-users will emerge, combining the strength of Avast in privacy and
NortonLifeLock in identity protection, "said Ondřej Vlček, CEO of Avast.
Source: Business Wire
Prepared by the team at CzechTrade office in San Francisco