tech companies

Intuit in talks to buy Mailchimp for over $10 billion – report

Reuters
Intuit in talks to buy Mailchimp for over $10 billion – report
A Bloomberg report says no final decision has been made and discussions could fall through, adding that another buyer could also emerge for Mailchimp

Intuit, the developer of TurboTax and QuickBooks software, is in talks to buy email marketing company Mailchimp for more than $10 billion, Bloomberg News reported late Tuesday, August 31, citing people familiar with the matter.

No final decision has been made and discussions could fall through, the report said, adding that another buyer could also emerge for Mailchimp.

If talks are successful, it would be the largest deal to date for Intuit, according to the report.

Intuit did not immediately respond to Reuters’ requests for a comment.

The Mountain View, California-based company delivered a 41% surge in its fourth-quarter revenue compared with a year-ago period. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.