M&A Deal Summary

Gen Digital Acquires LifeLock

On November 20, 2016, Gen Digital acquired consumer services company LifeLock for 2.3B USD

Acquisition Highlights
  • This is Gen Digital’s 1st transaction in the Consumer Services sector.
  • This is Gen Digital’s 3rd largest (disclosed) transaction.
  • This is Gen Digital’s 57th transaction in the United States.
  • This is Gen Digital’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-11-20
Target LifeLock
Sector Consumer Services
Buyer(s) Gen Digital
Deal Type Add-on Acquisition
Deal Value 2.3B USD
Advisor(s) Goldman Sachs (Financial)
Wilson Sonsini Goodrich & Rosati
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

LifeLock

Tempe, Arizona, United States
LifeLock's corporate headquarters in Tempe, Arizona.
LifeLock's corporate headquarters in Tempe, Arizona.
LifeLock, Inc. is a provider of value-added identity theft protection solutions for businesses and consumers. LifeLock, Inc. was established in 2005 and is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States
Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.

DEAL STATS #
Overall 69 of 78
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 66 of 73
State (Arizona) 1 of 1
Country (United States) 57 of 61
Year (2016) 2 of 2
Size (of disclosed) 3 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-12 Blue Coat Systems

Sunnyvale, California, United States

Blue Coat is an enterprise security, providing on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Blue Coat is the global market leader in securing connection to the web and counts nearly 80 percent of the Global Fortune 500 as its customers.

Buy $4.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Fireglass

New York, New York, United States

Fireglass is an agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time by preventing potentially harmful content from ever reaching user endpoints or the corporate network. Fireglass was established in 2014 and is headquartered in New York, New York.

Buy -
Mergr

Product

Company

Legal