GEN DIGITAL INC Stock Price, News & Analysis

Edison Partners has announced its exit from MoneyLion following the fintech company's acquisition by Gen Digital on April 10. As MoneyLion's first institutional investor since 2016, Edison Partners helped transform the company into a leading consumer finance super app serving 20 million users.

Under Edison's guidance, MoneyLion achieved several milestones:

• 700% membership growth to over 20 million customers
• NYSE public listing in 2021
• Development of MoneyLion Checkout marketplace
• Acquisition of Even Financial (now Engine by MoneyLion)

This marks Edison Partners' third major exit in 2025, following successful exits from Zelis (38x return) and RapidDeploy. MoneyLion has become a key platform for Americans making financial decisions, offering personalized financial products and embedded finance solutions through its unified user experience.

Gen Digital (NASDAQ: GEN) has completed the acquisition of MoneyLion for $82.00 per share in cash, representing a total transaction value of approximately $1 billion. The strategic acquisition aims to strengthen Gen's position in financial wellness by combining its Consumer Cyber Safety Platform with MoneyLion's financial ecosystem.

As part of the deal, MoneyLion shareholders will receive one contingent value right (CVR) per share, offering a potential additional payment of $23.00 in Gen common stock. This CVR payment is conditional on Gen's stock maintaining an average volume-average share price of at least $37.50 for over 30 consecutive trading days, or if Gen undergoes a change of control, prior to April 17, 2027. The CVRs will be listed on the Nasdaq Stock Market.

MoneyLion (NYSE: ML) stockholders have approved the proposed acquisition by Gen Digital (NASDAQ: GEN). Under the agreement terms, each MoneyLion Class A common stock will be converted into:

• $82.00 in cash
• One contingent value right for 0.7546 Gen Digital shares if Gen's volume-weighted average share price reaches $37.50+ over 30 consecutive trading days between December 10, 2024, and 24 months post-closing

With all regulatory approvals secured, the acquisition is expected to complete on April 17, 2025, subject to customary closing conditions. Post-acquisition, MoneyLion will become a Gen Digital subsidiary and will be delisted from public markets.

Gen Digital (NASDAQ: GEN) has scheduled the release of its fiscal year 2025 fourth quarter and full-year financial results for Tuesday, May 6, 2025, after market close. The company will follow the announcement with a conference call and webcast hosted by Gen management at 2 p.m. PT / 5 p.m. ET. Investors and interested parties can access the conference call dial-in details and live webcast through the Investor.GenDigital.com website.

Gen (NASDAQ: GEN) has received 16 award recognitions for its cybersecurity brands from leading testing institutions AV-Comparatives, AV-Test, and AVLab. The company's Norton, Avast, AVG, and Avira products were evaluated for real-world protection, malware defense, and performance.

Key achievements include:

• AV-Comparatives awarded Gold to Avast, AVG, and Avira for Real World Protection
• Avast received Bronze for Malware Protection
• Avast and AVG earned Bronze for Advanced Threat Protection
• Norton, Avast, and AVG were recognized for protection against fake online shops
• AV-Test named Norton, Avast, and AVG as Best MacOS Security for home users
• AVLab awarded Avast Free Antivirus Product of the Year for advanced malware protection

MoneyLion (NYSE: ML) has announced a proposed merger with Gen Digital Inc. (NASDAQ: GEN), offering shareholders a total consideration of up to $110 per share. The deal comprises:

- An immediate cash payment of $82.00 per share at closing, representing premiums of 9.5%, 33.5%, and 46.8% over unaffected 30-day, 60-day, and 90-day VWAPs respectively

- One contingent value right (CVR) per share, worth potentially $28.30 if milestone conditions are met

The board successfully negotiated an 84-92% increase from Gen's initial offer of $51-52 per share. A go-shop process involving 36 potential acquirers yielded no superior proposals. Leading proxy adviser Glass Lewis has recommended shareholders vote FOR the transaction at the Special Meeting scheduled for April 10, 2025.

Avast, part of Gen (NASDAQ: GEN), reports a concerning 137% increase in sextortion scam risks across the U.S. in 2025. These scams are becoming more sophisticated through the exploitation of AI technology and data breaches to create highly personalized threats.

Criminals are using AI to generate deepfake images and leveraging Google Maps for targeted attacks. The scammers utilize personal information obtained from the Dark Web to create convincing threats, with over 15,000 unique Bitcoin wallets identified in connection with Google Maps-related scams.

Michal Salat, Threat Intelligence Director for Avast, warns against engaging with these scammers, emphasizing that victims often receive threatening messages claiming access to private content, made more credible by the use of stolen passwords from previous data breaches.

MoneyLion (NYSE: ML) has announced a special stockholder meeting scheduled for April 10, 2025, where stockholders will vote on the proposed acquisition by Gen Digital (NASDAQ: GEN). The meeting will allow stockholders of record as of February 11, 2025 to consider and vote on the merger agreement adoption. MoneyLion, a digital ecosystem for consumer finance, is set to be acquired by Gen Digital in this strategic transaction.

LifeLock (NASDAQ: GEN) warns of rising AI-driven tax scams, with 56% of individuals already encountering AI-powered voice scams. The IRS Criminal Investigation unit revealed tax fraud and financial crimes increased to $9.1 billion in 2024, up from $5.7 billion in 2022.

Three major scam types identified for 2025 include:

• W-2 Phishing Scams using AI-generated communications to steal tax documents
• Disaster Relief Fund Tax Scams exploiting IRS tax extensions
• Offer in Compromise (OIC) Scams making false debt relief promises

LifeLock's General Manager Ian Bednowitz emphasizes the increasing sophistication of these scams, with 81% of victims reporting financial impacts. The company recommends using reputable tax preparation services, verifying communications, and implementing protective measures like monitoring financial accounts and using identity theft protection services.