Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness [Yahoo! Finance]
MoneyLion Inc. Class A (ML)
Company Research
Source: Yahoo! Finance
its family of consumer brands, today announced the successful closing of its acquisition of MoneyLion Inc. This strategic milestone strengthens Gen's leadership in financial wellness, empowering consumers to confidently manage and protect their digital and financial lives. "We're thrilled to welcome MoneyLion to the Gen family. The addition of MoneyLion accelerates our position to redefine financial empowerment in a digital-first world," said Vincent Pilette , CEO of Gen. "People need intuitive, holistic solutions they can trust. We're uniting decades of expertise and the global scale of Gen's Consumer Cyber Safety Platform with MoneyLion's industry-leading financial ecosystem. Gen is uniquely positioned to empower people to make smarter financial decisions, take greater control, and build lasting financial well-being." Under the terms of the agreement, Gen acquired MoneyLion for per share in cash, representing a transaction value of approximately $1 billion . Additionally, MoneyL
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