Intuit is Aquiring Mailchimp

Reported On: 07 October 2021
Reported By: Sathwik

Sold On: Other

Founder: Justin Ferriman

Intuit has decided to buy Mailchimp, a world-class customer interaction and marketing platform for developing small and mid-market enterprises.

Issue Reported: 

Company was Acquired

Positive Notes

The proposed acquisition of Mailchimp for about $12 billion in cash and equity supports Intuit’s purpose of empowering prosperity throughout the world, as well as its aim to become an AI-driven expert platform.

“By working together, Mailchimp and QuickBooks will assist small and mid-market businesses overcome the most significant hurdles to growth, client acquisition, and retention,” said Sasan Goodarzi, CEO of Intuit.

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