Market Overview

LifeLock Acquires Lemon for Approximately $42.6M in Cash

LifeLock (NYSE: LOCK) 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.

In conjunction with the acquisition, LifeLock also launched a new app
that utilizes Lemon technology to help consumers manage and protect
their digital identity. This transaction marks the next step in
LifeLock's evolution by adding a comprehensive mobile platform to the
company's integrated identity protection services for consumers.

See full press release

Posted-In: News Guidance Dividends Contracts Management M&A Global

 

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