Intuit to buy email marketing company Mailchimp for $12 billion in cash and stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Intuit is purchasing popular automated email and marketing platform Mailchimp for $12 billion.

Intuit, which is known for financial service offerings like TurboTax and Credit Karma, said it will use the acquisition to accelerate growth among small business clients. It marks the company's largest acquisition to date.

MailChimp was initially founded in Atlanta in 2001. Shares of Intuit were flat in after-hours trading following the announcement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Gates’ Investment Firm Buys Controlling Stake In Four Seasons Hotels For $2.2 BillionGates’ Cascade Investment LLC will purchase half of Saudi Arabian Prince Alwaleed bin Talal's stake in the luxury hotel chain.
Source: Forbes - 🏆 394. / 53 Read more »

Aramex confirms in talks to buy Turkish delivery company MNG KargoDubai-listed Aramex , partly owned by Abu Dhabi state investor ADQ, said on Sunday it is in talks to buy Turkish delivery company MNG Kargo. good Work with someone who will bring positive changes into your life LisaDonalldT has brought peace into my life and that of my house hold and I will always appreciate her for the good work.
Source: Reuters - 🏆 2. / 97 Read more »