Gen Digital to Acquire MoneyLion in a Billion-Dollar Deal

Gen Digital Inc. (GEN) entered a merger agreement on December 10, 2024, to acquire MoneyLion Inc. (ML) in a billion-dollar deal.

Deal Structure:

Under the terms of the agreement, Gen plans to acquire MoneyLion for $82.00 per share in cash at closing. Additionally, MoneyLion shareholders will receive one contingent value right (CVR) per share, allowing for an extra payment of $23.00 in Gen shares if Gen’s stock averages at least $37.50 for 30 consecutive trading days between December 10, 2024, and 24 months after the deal closes, though this payment is not guaranteed.

The price of $82 per share represents a premium of 6.48% from the stock’s last close.

Company Profile:

MoneyLion is a financial technology company offering a digital platform that combines banking, borrowing, investing, and personalized financial tools, alongside curated financial content and enterprise solutions, to empower users to make informed financial decisions.

Gen Digital is a global leader in cyber safety, offering cybersecurity, online privacy, and identity protection solutions through trusted brands like Norton, Avast, LifeLock, and AVG, serving nearly 500 million users worldwide.

Deal Details and Timeline:

The deal is expected to close in the first half of Gen’s fiscal year, which ends on March 31, 2026.

Gen Digital is paying 20.62 times EBITDA for MoneyLion.

Deal Metrics:

For more detailed information about this merger and acquisition transaction, please visit the Deal Metrics page here:

Deal Metrics for the acquisition of MoneyLion Inc. (ML) by Gen Digital Inc. (GEN)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement to completion or failure.
• A timeline of events as the merger progresses through the HSR period, regulatory approvals, shareholder votes, etc.
• News and SEC filings related to the merger.
• A history of deal updates.
• And much more.

Disclaimer: Please conduct your own due diligence before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article