norton avast takeover usd 8.6 billion deal cleared uk regulator cma antitrust nortonlifelock

UK regulators on Wednesday gave the provisional nod to US cyber security giant NortonLifeLock’s $8-billion (roughly Rs. 63,320 crore) purchase of Czech rival Avast, whose London shares surged more than 40 percent in reaction. The Competition and Markets Authority (CMA) watchdog had opened an in-depth probe after warning in March that the…