Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness
Rhea-AI Summary
Gen Digital (NASDAQ: GEN) has completed the acquisition of MoneyLion for $82.00 per share in cash, representing a total transaction value of approximately $1 billion. The strategic acquisition aims to strengthen Gen's position in financial wellness by combining its Consumer Cyber Safety Platform with MoneyLion's financial ecosystem.
As part of the deal, MoneyLion shareholders will receive one contingent value right (CVR) per share, offering a potential additional payment of $23.00 in Gen common stock. This CVR payment is conditional on Gen's stock maintaining an average volume-average share price of at least $37.50 for over 30 consecutive trading days, or if Gen undergoes a change of control, prior to April 17, 2027. The CVRs will be listed on the Nasdaq Stock Market.
Positive
- Strategic expansion into financial wellness sector through $1B acquisition
- Additional potential value for shareholders through CVR mechanism
- Integration of MoneyLion's financial ecosystem with Gen's global Consumer Cyber Safety Platform
Negative
- Significant cash expenditure of $1B for the acquisition
- Potential stock dilution if CVR conditions are met
News Market Reaction 1 Alert
On the day this news was published, GEN gained 0.62%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We're thrilled to welcome MoneyLion to the Gen family. The addition of MoneyLion accelerates our position to redefine financial empowerment in a digital-first world," said Vincent Pilette, CEO of Gen. "People need intuitive, holistic solutions they can trust. We're uniting decades of expertise and the global scale of Gen's Consumer Cyber Safety Platform with MoneyLion's industry-leading financial ecosystem. Gen is uniquely positioned to empower people to make smarter financial decisions, take greater control, and build lasting financial well-being."
Under the terms of the agreement, Gen acquired MoneyLion for
To learn more about the acquisition visit investor.gendigital.com. Additionally, the Company will hold its Fiscal 2025 Q4 and Full-Year Earnings Call on May 6, 2025, at 2 p.m. PT / 5 p.m. ET and will share more about Gen's expanded financial wellness offerings then.
About Gen
Gen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, which are subject to safe harbors under the Exchange Act of 1934, as amended. Forward-looking statements include statements that represent our expectations or beliefs concerning future events, including, without limitation, references to our ability to utilize our deferred tax assets, as well as statements including words such as "expects," "plans," "anticipates," "believes," "estimates," "predicts," "goal," "intent," "momentum," "projects," "forecast," "outlook," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," and similar expressions. In addition, projections of our future financial performance, anticipated growth and trends in our businesses and in our industries, the consummation of or anticipated impacts of acquisitions, divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities, the outcome or impact of pending litigation, claims or disputes, our intent to pay quarterly cash dividends in the future, plans for and anticipated benefits of our products and solutions, anticipated tax rates, benefits and expenses, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates, ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance, the expected impact of our new strategy and other characterizations of future events or circumstances are forward-looking statements. These statements are only predictions, based on our current expectations about future events and may not prove to be accurate. We do not undertake any obligation to update these forward-looking statements to reflect events occurring or circumstances arising after the date of this press release.
Investor Contact | Media Contact |
Jason Starr | Jess Monney |
Gen | Gen |
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SOURCE Gen Digital Inc.
FAQ
How much did Gen Digital pay to acquire MoneyLion?
What are the terms of the CVR offered in the Gen-MoneyLion acquisition?
What is the strategic purpose of Gen's MoneyLion acquisition?
When will Gen Digital provide more details about the MoneyLion integration?
