United Kingdom: Phase I decision on NortonLifeLock / Avast merger inquiry announced
Description
Phase I decision on NortonLifeLock / Avast merger inquiry announced
On 16 March 2022, the Competition and Markets Authority (CMA) completed its initial inquiry (Phase I) on the NortonLifeLock Inc. / Avast plc merger inquiry. The CMA ruled that the transaction may result in a substantial lessening of competition within the UK markets since the two companies are competitors and the remaining market players offer no sufficient competitive constraints. Therefore, a Phase 2 investigation on the merger will be pursued unless the companies offer sufficient contributions to address the competition concerns within 5 working days.
Original sourceScope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
software provider: other software
Implementation Level
national
Government Branch
executive
Government Body
competition authority
Complete timeline of this policy change
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2022-01-19
under deliberation
2022-02-02
processing consultation
2022-03-16
under investigation
2022-03-25
under deliberation
2022-08-03
under investigation
2022-08-24
processing consultation