M&A Deal Summary

Gen Digital Acquires MoneyLion

On December 10, 2024, Gen Digital acquired internet software and services company MoneyLion for 1.0B USD

Acquisition Highlights
  • This is Gen Digital’s 8th transaction in the Internet Software and Services sector.
  • This is Gen Digital’s 4th largest (disclosed) transaction.
  • This is Gen Digital’s 61st transaction in the United States.
  • This is Gen Digital’s 3rd transaction in New York.

M&A Deal Summary
Date 2024-12-10
Target MoneyLion
Sector Internet Software and Services
Buyer(s) Gen Digital
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Davis Polk & Wardwell (Legal)

Target

MoneyLion

New York, New York, United States
MoneyLion is a mobile banking and financial membership platform that empowers people to take control of their finances. MoneyLion was based in New York, New York.

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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 78 of 78
Sector (Internet Software and Services) 8 of 8
Type (Add-on Acquisition) 73 of 73
State (New York) 3 of 3
Country (United States) 61 of 61
Year (2024) 1 of 1
Size (of disclosed) 4 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Avast

Prague, Czech Republic

Avast develops avast! Free Antivirus, a free full-featured computer security application that protects more than 150 million registered users around the world from online threats. The company’s products are distributed globally through a unique ‘freemium’ business model. Avast was formed in1988 and is based in Prague, Czech Republic.

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