MoneyLion’s stockholders greenlight Gen Digital’s $1 billion acquisition, paving the way for transformative growth in digital finance
Highlights:
- MoneyLion stockholders have approved Gen Digital’s $1 billion acquisition deal, marking a significant milestone in the digital finance sector.
- The acquisition includes $82 per share in cash and contingent value rights tied to Gen Digital’s stock performance.
- Upon completion, MoneyLion will become a subsidiary of Gen Digital, with its stock delisted from public markets.
Summary: MoneyLion Inc. has announced that its stockholders have voted to approve the definitive agreement for Gen Digital’s $1 billion acquisition. Under the terms of the deal, MoneyLion’s Class A common stock will be converted into $82 per share in cash and contingent value rights linked to Gen Digital’s future stock performance. Regulatory approvals have been secured, and the acquisition is expected to close on April 17, 2025, subject to customary conditions.
This transaction will see MoneyLion become a subsidiary of Gen Digital, with its common stock no longer listed on public markets. The deal signifies a major step forward in the digital finance industry, combining MoneyLion’s innovative financial tools with Gen Digital’s cybersecurity expertise.
