GEN DIGITAL INC Stock Price, News & Analysis

Norton, a brand under Gen (NASDAQ: GEN), has launched Norton Neo, the first AI-native browser in early access. This innovative browser combines artificial intelligence with Norton's security expertise to provide a safer and smarter internet experience. Neo features include a personal AI assistant that learns user preferences, unified search and chat capabilities, smart tab management, and built-in Norton WebShield protection against phishing and malware.

The browser comes with default ad blocking functionality and aims to increase productivity by up to 40% through AI-powered tools. Neo is designed for tech-forward consumers and AI enthusiasts, focusing on streamlining workflows and reducing repetitive tasks. The early access version is currently available in the United States through NeoToday.ai.

Gen Digital (NASDAQ: GEN) announced key changes to its Board of Directors. Peter Feld, who joined in 2018, is departing after playing a crucial role in transforming the company from Symantec to NortonLifeLock and through its merger with Avast. John Chrystal, former MoneyLion Board Chair, joins the Gen Board, bringing extensive fintech expertise as the company expands into financial wellness following its MoneyLion acquisition.

The transition marks Gen's strategic shift from purely Cyber Safety to include financial wellbeing solutions. Chrystal's appointment reinforces Gen's commitment to providing trust-based solutions for both digital and financial wellness, while building upon Feld's legacy in establishing Gen as a global consumer Cyber Safety leader.

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.