NortonLifeLock Acquires Avira for $360M
The all-cash transaction is expected to broaden NortonLifeLock's international presence and bring a freemium business model into its portfolio.
NortonLifeLock has confirmed plans to acquire German antivirus provider Avira from Investcorp Technology Partners for $360 million in cash, the companies announced today. Investcorp bought Avira in April 2020 for $180 million; this deal essentially doubles the company's value.
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NortonLifeLock Acquires Avira for $360M