Consumer Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 11:40 PM
Recent mergers and acquisitions in the Consumer Services M&A category.
Slide #14. LifeLock — Lemon, Inc.
Acquirer: |
LifeLock (LOCK) |
Acquiree: |
Lemon, Inc. |
Details: |
LifeLock, Inc. (NYSE:LOCK), the leading provider of identity theft protection services, today announced the acquisition of mobile wallet innovator Lemon for approximately $42.6 million in cash. In addition, in connection with the transaction, LifeLock has agreed to issue equity customary for a transaction of this size that will vest over the next three years. |
LifeLock is a provider of identity theft protection services for consumers and consumer risk management services for enterprises. Co. protects its members by monitoring identity-related events, such as account openings and credit-related applications. Co. provides notifications and alerts to members. Co. also provides remediation services to its members in the event that an identity theft occurs. Co. protects its enterprise customers by delivering on-demand identity risk and authentication information about consumers. Co. provides its identity theft protection services to consumer subscribers under its LifeLock Standard, LifeLock Advantage, and LifeLock Ultimate Plus services.
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April 18, 2024 11:40 PM Eastern
Hold (2.00 out of 4)
100th percentile
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