Gen Digital Inc., a US-based leader in identity protection and cybersecurity solutions, has unveiled plans to acquire MoneyLion, a prominent digital platform specializing in consumer finance. The acquisition marks a strategic move to broaden Gen’s service offerings, integrating financial management tools with its robust cybersecurity portfolio.
MoneyLion’s platform brings a suite of financial solutions, including credit-building tools, comprehensive financial management services, and an innovative white-label AI recommendation system. By incorporating these capabilities, Gen aims to strengthen its position in the digital finance space, offering a more holistic experience for users focused on financial security and wellness.
Enhancing Financial Wellness Through Innovation
This acquisition extends Gen Digital’s reach into financial wellness, enabling the company to offer users enhanced tools for managing and securing their personal finances. Additionally, MoneyLion’s scalable business-to-business-to-consumer (B2B2C) technology presents new opportunities for delivering tailored digital experiences.
Gen Digital officials emphasized that this deal aligns with the company’s mission to evolve its services beyond digital security into wealth management. Similarly, MoneyLion executives expressed excitement about leveraging Gen’s global presence and trusted reputation to expand their financial ecosystem.
Transaction Details and Financial Goals
The acquisition is valued at $82.00 per share in cash, totaling approximately $1 billion. MoneyLion shareholders will also receive a contingent value right (CVR) of $23.00 per share, payable in Gen common stock upon meeting specific performance conditions. The CVRs will be listed on the Nasdaq Stock Market; however, a payout is not guaranteed.
Both companies’ Boards of Directors have unanimously approved the agreement. The transaction is pending regulatory approval and customary closing conditions, with completion expected in the first half of Gen’s fiscal year 2026.
Gen confirmed that the acquisition will not affect its fiscal year 2025 guidance. The company aims to maintain its net leverage below three times EBITDA by fiscal year 2027, ensuring long-term financial stability. This landmark deal reflects Gen Digital’s commitment to innovation and growth, setting the stage for expanded offerings in the digital security and financial wellness sectors.
“Joining Gen accelerates our vision by leveraging their global reach, trusted brands, and powerful ecosystem,” Dee Choubey, CEO of MoneyLion
“By bringing MoneyLion into the Gen family, we’re not only helping people protect what they already have, we’re extending our capabilities to enable people to better manage and grow their financial wealth,” Gen CEO Vincent Pilette
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