MoneyLion Stock Gains On Acquisition Deal With Gen Digital

(RTTNews) - Stock of MoneyLion Inc. (ML) is climbing about 13 percent on Tuesday morning following an announcement of a deal, under which Gen Digital Inc. (GEN) will acquire the company for $82.00 per share in cash, amounting to approximately $1 billion.

Currently, MoneyLion's stock is moving up 13.10 percent or $10.09, to $87.10 on the New York Stock Exchange, whereas Gen Digital's stock is falling 3.25 percent or $0.96, to $29.54 on the Nasdaq.

The acquisition is estimated to leverage Gen Digital's global reach, trusted brands, and powerful ecosystem with the help of MoneyLion's personal financial management tools and embedded financial marketplaces.

The tech company further stated that its shareholders will also receive at closing one contingent value right that entitles the holder to a contingent payment of $23.00 in the form of shares of Gen common stock.

The deal is expected to close in the first half of Gen's fiscal year 2026.