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US: McAfee eyeing acquisition of NortonLifeLock

By  |  December 9, 2019

McAfee, the cybersecurity company owned by Intel and private-equity firms TPG and Thoma Bravo, is interested in a possible tie-up with NortonLifeLock, the consumer business of the company previously known as Symantec, The Wall Street Journal reported.

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    Among the options being considered, according to the people, is a combination with the consumer business of McAfee, the antivirus-software company owned by Intel Corp. and private-equity firms TPG and Thoma Bravo LLC.

    McAfee and its owners join Permira and Advent International Corp. as potential suitors for NortonLifeLock. The Wall Street Journal previously reported that those private-equity firms had made a bid for the business.

    NortonLifeLock, based in Mountainview, Calif., is the new name for Symantec Corp. since that company closed a $10.7 billion deal to sell its enterprise-security business to Broadcom Inc. in early November. The newly christened company, which had a market value of around $15.8 billion at its closing share price Monday of $25.40, primarily sells Norton antivirus software and LifeLock identity-theft-protection products.

    Full Content: Wall Street Journal

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