Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness

Core Insights - Gen Digital Inc. has successfully completed the acquisition of MoneyLion Inc., enhancing its leadership in financial wellness and empowering consumers to manage their digital and financial lives [1] - The acquisition was valued at approximately $1 billion, with Gen acquiring MoneyLion at $82.00 per share in cash, along with contingent value rights for shareholders [1] Company Overview - Gen Digital Inc. is a global leader focused on Digital Freedom through its consumer brands, including Norton, Avast, LifeLock, and MoneyLion, providing financial empowerment and cyber safety [3] - The company serves nearly 500 million users across more than 150 countries, offering award-winning products in cybersecurity, online privacy, identity protection, and financial wellness [3] Strategic Implications - The acquisition of MoneyLion is expected to accelerate Gen's position in redefining financial empowerment in a digital-first world, combining Gen's expertise in consumer cyber safety with MoneyLion's financial ecosystem [1] - The deal includes a contingent value right (CVR) that allows MoneyLion shareholders to receive additional payments in Gen common stock based on specific performance metrics [1]