NortonLifeLock announced today that they have agreed to acquire Avira in an all-cash transaction for approximately $360 million. Germany-based Avira Operations GmbH has built a large user base of 30 million devices around its freemium model. Under this model, people can install Avira antivirus for free but with less functionality than the premium versions. The professional versions provide enhanced security features, such as mail filtering, ad blocking, and enhanced malware protection. With this sale, Avira effectively doubled its value over the last eight months.
Source: https://www.bleepingcomputer.com/news/security/nortonlifelock-purchases-avira-for-360-million/