The deal, expected to close by the second quarter of fiscal 2022, is Intuit's biggest-ever acquisition. It will be financed through cash on hand and new debt of about $4.5 billion to $5.0 billion, Intuit said
NEW YORK: Intuit Inc, known for its small-business accounting and DIY tax-filing software, said on Monday it will acquire email marketing company Mailchimp for about US$12 billion in a cash-and-stock deal.
The deal, expected to close by the second quarter of fiscal 2022, is Intuit's biggest-ever acquisition. It will be financed through cash on hand and new debt of about $4.5 billion to $5.0 billion, Intuit said. Last year, the company bought personal finance portal Credit Karma for just over $7 billion.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
