The remaining consideration payable to Mailchimp’s equity holders will be payable in approximately equal parts of cash and Intuit common stock, with the shares of Intuit common stock being valued at $562.61 per share, calculated as the average of the daily volume-weighted average sales price per share for Intuit common stock for the five trading days ending on September 8, 2021,” the companies said in a statement.

(CFL 6055856) Licenses The Mint Mortgage experience is a service offered by Intuit Mortgage Inc., a subsidiary of Intuit Inc, NMLS 1979518.

In California, loans are made or arranged by Intuit Financing Inc. (NMLS 1136148), a subsidiary of Intuit Inc. “The total consideration includes approximately $300 million of assumed Mailchimp employee transaction bonuses that will be issued in the form of restricted stock units, expensed over three years. Intuit Personal Loan Platform is a service offered by Intuit Financing Inc.

The acquisition of Mailchimp will enable Intuit to become the centre of small business growth as well as disrupt small business mid-market. Global technology platform Intuit, makers of TurboTax, QuickBooks, Mint and Credit Karma, announced on Tuesday that they will acquire global customer engagement and marketing platform for growing small and mid-market businesses Mailchimp for $12 billion in cash and stock advances.

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