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. for $82.00 per share, totaling approximately $1 billion, which enhances Gen's leadership in financial wellness [1] - The acquisition aims to empower consumers to manage and protect their digital and financial lives through a combination of Gen's Consumer Cyber Safety Platform and MoneyLion's financial ecosystem [1] - MoneyLion shareholders will receive a contingent value right (CVR) offering a potential additional payment of $23.00 in Gen common stock, contingent on specific performance criteria [1] Company Overview - Gen Digital Inc. is a global leader focused on Digital Freedom, offering trusted consumer brands such as Norton, Avast, LifeLock, and MoneyLion, aimed at providing financial empowerment and cyber safety [3] - The company serves nearly 500 million users across more than 150 countries, delivering award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness [3] Future Plans - Gen will discuss its expanded financial wellness offerings during its Fiscal 2025 Q4 and Full-Year Earnings Call scheduled for May 6, 2025 [2]