M&A
confidence high
sentiment positive
materiality 0.80
Gen Digital to acquire MoneyLion for $82/share (~$1B cash) plus CVR, expected close H1 FY2026
Gen Digital Inc.
- Cash consideration of $82.00 per share, representing total cash value of approximately $1 billion.
- Each MoneyLion share also gets one CVR entitling holder to $23 in Gen stock if Gen's VWAP reaches $37.50 over 30 consecutive days.
- Acquisition expected to close in first half of Gen's fiscal year 2026; no impact to FY2025 guidance provided Oct 30, 2024.
- Deal is accretive to Non-GAAP EPS; Gen reaffirms commitment to net leverage below 3x EBITDA by FY27.
- MoneyLion has ~18 million customers; boards of both companies unanimously approved the transaction.