Cyber scammers are becoming more like pirates since the pandemic forced them to live online. Increasing threats are driving demand for protection and breathing new life into mature consumer security groups.
NortonLifeLock (formerly known as Symantec), which once lags behind the United States, is in the midst of a breeze in sales. Look British listed Avast. The details are scarce, but the expected offer raised Avast’s stake by 15%, bringing the group’s valuation to about $9 billion.
Trading at that premium is not impressive. The Biggest Cybersecurity Deal Ever – Thoma Bravo’s $12.3 billion purchase of Proofpoint – Collected over 30% premium in April. Even if consumer cybersecurity grows slower than its peers, Avast is still leading the horde of peers. [Read more…] about Avast/NortonLifeLock: ‘Cyber security deal needs to dig deeper’
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