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

Michael Nagle | Bloomberg | Getty Photos

Intuit will snatch email marketing company Mailchimp for $12 billion in money and stock, the companies announced Monday.

Intuit, which is identified for financial service choices esteem TurboTax and Credit Karma, said this would perchance merely use the acquisition to saunter up speak amongst tiny enterprise purchasers. It marks the company’s largest acquisition to this level.

MailChimp used to be in the starting up primarily based in Atlanta in 2001. Shares of Intuit were flat in after-hours buying and selling following the announcement.

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