Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness
"We're thrilled to welcome MoneyLion to the Gen family. The addition of MoneyLion accelerates our position to redefine financial empowerment in a digital-first world," said Vincent Pilette, CEO of Gen. "People need intuitive, holistic solutions they can trust. We're uniting decades of expertise and the global scale of Gen's Consumer Cyber Safety Platform with MoneyLion's industry-leading financial ecosystem. Gen is uniquely positioned to empower people to make smarter financial decisions, take greater control, and build lasting financial well-being."
Under the terms of the agreement, Gen acquired MoneyLion for $82.00 per share in cash, representing a transaction value of approximately $1 billion. Additionally, MoneyLion shareholders are entitled to receive one contingent value right (CVR) per share, offering a conditional payment of $23.00 in the form of Gen common stock if, on any date from the date hereof prior to April 17, 2027, for over 30 consecutive trading days, the average volume-average share price of Gen common stock is at least $37.50 or Gen undergoes a change of control. The CVRs are approved to be listed on the Nasdaq Stock Market.
To learn more about the acquisition visit investor.gendigital.com. Additionally, the Company will hold its Fiscal 2025 Q4 and Full-Year Earnings Call on May 6, 2025, at 2 p.m. PT / 5 p.m. ET and will share more about Gen's expanded financial wellness offerings then.
About GenGen (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted consumer brands including Norton, Avast, LifeLock, MoneyLion and more. The Gen family of consumer brands is rooted in providing financial empowerment and cyber safety for the first digital generations. Today, Gen empowers people to live their digital lives safely, privately and confidently for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy, identity protection and financial wellness to nearly 500 million users in more than 150 countries. Learn more at GenDigital.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, which are subject to safe harbors under the Exchange Act of 1934, as amended. Forward-looking statements include statements that represent our expectations or beliefs concerning future events, including, without limitation, references to our ability to utilize our deferred tax assets, as well as statements including words such as "expects," "plans," "anticipates," "believes," "estimates," "predicts," "goal," "intent," "momentum," "projects," "forecast," "outlook," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," and similar expressions. In addition, projections of our future financial performance, anticipated growth and trends in our businesses and in our industries, the consummation of or anticipated impacts of acquisitions, divestitures, restructurings, stock repurchases, financings, debt repayments and investment activities, the outcome or impact of pending litigation, claims or disputes, our intent to pay quarterly cash dividends in the future, plans for and anticipated benefits of our products and solutions, anticipated tax rates, benefits and expenses, the impact of inflation, fluctuations in foreign currency exchange rates, changes in interest rates, ongoing and new geopolitical conflicts, and other global macroeconomic factors on our operations and financial performance, the expected impact of our new strategy and other characterizations of future events or circumstances are forward-looking statements. These statements are only predictions, based on our current expectations about future events and may not prove to be accurate. We do not undertake any obligation to update these forward-looking statements to reflect events occurring or circumstances arising after the date of this press release.
Investor Contact
Media Contact
Jason Starr
Jess Monney
Gen
Gen
IR@GenDigital.com
Press@GenDigital.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/gen-completes-acquisition-of-moneylion-accelerating-the-companys-leadership-in-financial-wellness-302431174.html
SOURCE Gen Digital Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Why Cisco Systems Stock Sank on Thursday
Key Points The networking company published the final quarterly earnings report for its fiscal 2025. These showed decent gains in revenue and profitability, but investors were hoping for more. 10 stocks we like better than Cisco Systems › Cisco Systems (NASDAQ: CSCO) wasn't a particularly popular tech stock on Thursday. Investors sold out of the stock following a quarterly earnings report that some found dissatisfying. This sank the share price by more than 1% on a day when the S&P 500 index basically traded flat. Two slight beats Cisco unveiled its fiscal fourth-quarter and full-year 2025 results just after market close on Wednesday. These revealed that the storied computer networking company managed to boost its revenue by 8% year over year in the former period to $14.67 billion. That was slightly above the consensus analyst estimate of $14.62 billion. Cisco attributed this to growth in overall product orders, which it said was 7% across all its regions. It also flagged artificial intelligence (AI) infrastructure products as growth drivers. In the first half of this calendar year, orders for such products topped $2 billion. This is double -- and then some -- management's target of $1 billion for the period. On the bottom line, non-GAAP (adjusted) net income landed at $4 billion, shaking out to $0.99 per share. That was 12% higher than the result for the fourth quarter of 2024, and it edged past the average pundit projection of $0.98. Unsurprising guidance Cisco also proffered guidance for its current (first) quarter and the entirety of fiscal 2026. It's modeling $59 billion to $60 billion in revenue and adjusted earnings per share of $4.00 to $4.06. This is in line with the consensus analyst expectations of, respectively, $59.5 billion and $4.03. While Cisco's quarterly performance certainly wasn't bad, it seems investors were expecting more convincing beats and higher guidance, particularly given that AI tailwind. Should you buy stock in Cisco Systems right now? Before you buy stock in Cisco Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cisco Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems. The Motley Fool has a disclosure policy. Why Cisco Systems Stock Sank on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
ARKK Inflows Stay Hot
Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VOO Vanguard S&P 500 ETF 1,995.41 728,920.58 0.27% QQQ Invesco QQQ Trust Series I 1,595.47 371,425.47 0.43% ARKK ARK Innovation ETF 1,357.94 9,965.93 13.63% IWM iShares Russell 2000 ETF 918.10 62,804.57 1.46% IVV iShares Core S&P 500 ETF 839.66 658,231.78 0.13% XLF Financial Select Sector SPDR Fund 498.29 52,671.61 0.95% CIBR First Trust NASDAQ Cybersecurity ETF 422.48 10,294.68 4.10% SPDW SPDR Portfolio Developed World ex-US ETF 412.47 28,315.77 1.46% ARKW ARK Next Generation Internet ETF 348.83 3,171.93 11.00% DIA SPDR Dow Jones Industrial Average ETF Trust 333.54 39,109.43 0.85%Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -3,406.62 659,041.84 -0.52% SOXL Direxion Daily Semiconductor Bull 3x Shares -554.66 12,738.90 -4.35% XLE Energy Select Sector SPDR Fund -338.56 25,986.70 -1.30% XLV Health Care Select Sector SPDR Fund -209.92 32,008.47 -0.66% ITB iShares U.S. Home Construction ETF -164.87 2,728.29 -6.04% INDA iShares MSCI India ETF -136.52 9,490.64 -1.44% IBB iShares Biotechnology ETF -127.35 5,442.73 -2.34% USD ProShares Ultra Semiconductors -122.00 1,490.80 -8.18% SUSL iShares ESG MSCI USA Leaders ETF -84.41 889.15 -9.49% SOXX iShares Semiconductor ETF -75.09 14,129.56 -0.53%ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 17.52 10,620.77 0.16% Asset Allocation 4.66 26,994.57 0.02% Commodities E T Fs 268.94 227,388.18 0.12% Currency 606.85 189,935.59 0.32% International Equity 3,890.07 1,964,687.24 0.20% International Fixed Income 100.08 313,636.48 0.03% Inverse 49.69 14,336.11 0.35% Leveraged -719.30 149,878.39 -0.48% Us Equity 4,784.22 7,440,486.90 0.06% Us Fixed Income 1,724.34 1,745,438.53 0.10% Total: 10,727.07 12,083,402.75 0.09%Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
42 minutes ago
- Business Wire
NorthWestern Energy to Seek New Capacity Resources in South Dakota, Explore Expedited Electric Grid Interconnection Process
SIOUX FALLS, S.D.--(BUSINESS WIRE)--NorthWestern Energy Public Service Corporation d/b/a NorthWestern Energy Group will issue an all-source capacity request for proposals (RFP) on Aug. 15, 2025, for its South Dakota electric system. The capacity resource RFP is focused on improving reliability by securing additional capacity through a competitive market solicitation. NorthWestern Energy is also exploring opportunities to participate in the Southwest Power Pool Expedited Resource Adequacy Study, a one-time accelerated study of generation projects needed to address resource adequacy and reliability needs in the SPP footprint. NorthWestern Energy provides reliable electric supply to its South Dakota customers through owned generation assets, power purchase agreements, and market purchases. NorthWestern Energy is experiencing load growth along with increased capacity needs and is seeking additional safe and reliable capacity resources in this RFP. The RFP will be administered by Aion Energy LLC, and all inquiries from potential respondents must be directed to NWPS-2025@ Follow us on Facebook and LinkedIn and Instagram: @NorthWesternEnergy NorthWestern Energy - Delivering a Bright Future NorthWestern Energy Group, Inc. (Nasdaq: NWE), doing business as NorthWestern Energy, provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 842,100 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NW Corp, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NWE Public Service. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.
