M&A
confidence high
sentiment neutral
materiality 0.75
Intuit completes $12B acquisition of Mailchimp with cash and stock
INTUIT INC.
- Total consideration approx. $12B: $5.7B cash, 10.1M shares valued at ~$6.3B, plus RSUs.
- Cash portion funded by $4.7B term loan under new $5.7B credit facility ($4.7B term + $1B revolver).
- Mailchimp provides customer engagement platform; integration with QuickBooks planned to create end-to-end customer growth platform.
- Credit agreement replaces prior $1.4B facility; matures Nov 2024 (term) and Nov 2026 (revolver).
- Intuit also granted $200M retention RSUs to Mailchimp employees.