Big news in the security software world – Norton Lifelock and Avast have announced plans to merge. Avast shareholders will be entitled to receive a combination of cash and newly issued shares in NortonLifeLock.

At a press conference, company leaders said, they planned to “create a new, industry-leading consumer Cyber Safety business, leveraging the established brands, technology and innovation of both groups to deliver substantial benefits to consumers, shareholders, and other stakeholders.”

There’s no word yet on what this merger will mean to users of either product. Avast offers both free and paid versions of their software.