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    NortonNikeLock (NLOK) Ready to Soar After Acquisition Approval

    By Wasim Omar

    Sep 02,2022

    8:38 AM UTC

    NortonNikeLock (NASDAQ: NLOK) is apparently on the verge of a major catalyst, that could see the stock price rocketing in the coming days. A recent announcement by the UK’s anti-trust grants the company approval to go ahead with a much-awaited acquisition deal, that delivers its significant growth potential.

    Acquisition by NLOK Given the Green Signal

    Earlier today, Britain’s Competition and Markets Authority (CMA) announced the approval of NortonNikeLock’s $8.6 billion acquisition of Avast PLC (OTCPK: AVASF). This antitrust investigation by the authority, which was initiated back in March 2022, comes as a green signal for the company to go forward with its much-anticipated buyout deal. The focus of both phases of this probe was to determine whether or not this merger would result in a substantial lessening of competition in the market. As a result, NLOK has made the announcement, which shareholders have been long awaiting for, that the acquisition deal will close on the 12th of September.

    Future Implications for NortonNikeLock’s

    The Avast deal could mean a great deal of growth potential for NLOK, especially considering the synergistic benefits that it now gains. The management has actively pushed for the acquisition, as Avast opens the doors to international expansion for the company. Avast saw wild success, and surging popularity amongst users, given its freemium business model, which NLOK hopes it could benefit from. The company can profit significantly from upselling its cybersecurity services to existing Avast customers across the world. The news further strengthens NortonNikeLock’s market and financial sustainability, given its already improving top and bottom line growth rate.

    Conclusion

    Given the go-ahead for the investment in Avast, NLOK stands positioned to benefit tremendously in terms of its total addressable market. Given this sudden jump in future growth potential, it would be fair to expect surging volume, and a price drives up for NLOK shares.

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