- Gen Digital (GEN, Financial) completes the $1 billion acquisition of MoneyLion, enhancing its financial wellness capabilities.
- MoneyLion shareholders to potentially receive an additional $23.00 per share in Gen stock under specific conditions.
- The acquisition aims for strategic integration of cybersecurity and financial services.
Gen Digital Inc. (NASDAQ: GEN), a leader in empowering digital freedom through its family of consumer brands, has successfully completed its acquisition of MoneyLion for $82.00 per share in cash. This transaction values the deal at approximately $1 billion, marking a significant step in Gen's strategic expansion into the financial wellness sector. The acquisition combines Gen's Consumer Cyber Safety Platform with MoneyLion's robust financial ecosystem, aiming to provide comprehensive digital financial solutions.
Under the terms of the agreement, MoneyLion shareholders are entitled to receive one contingent value right (CVR) per share. This CVR offers a potential additional payment of $23.00 in Gen common stock, contingent upon Gen's stock maintaining an average volume-weighted share price of at least $37.50 for over 30 consecutive trading days or if Gen undergoes a change of control before April 17, 2027. The CVRs are set to be listed on the Nasdaq Stock Market.
This acquisition positions Gen as a more holistic digital platform, potentially creating cross-selling opportunities across their combined customer bases and competing more effectively against traditional cybersecurity providers and emerging fintech platforms. Gen plans to share further details about its expanded financial wellness offerings during its Fiscal 2025 Q4 and Full-Year Earnings Call on May 6, 2025.
