Gen Digital Inc. announced the successful closing of its acquisition of MoneyLion Inc., a strategic milestone that strengthens Gen's leadership in financial wellness. The transaction, valued at approximately $1 billion, involved Gen acquiring MoneyLion for $82.00 per share in cash.
MoneyLion shareholders also received one contingent value right (CVR) per share, offering a conditional payment of $23.00 in Gen common stock if Gen's average volume-weighted average share price reaches $37.50 over 30 consecutive trading days prior to April 17, 2027, or if Gen undergoes a change of control. The CVRs are approved for listing on the Nasdaq Stock Market.
This acquisition significantly expands Gen's total addressable market to over $50 billion, integrating MoneyLion's personal financial management, banking, and investing solutions into Gen's offerings. The move positions Gen to empower consumers to manage and protect their digital and financial lives more comprehensively.
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