Intuit has agreed to buy Mailchimp for about $12 billion in cash and shares. The deal for the email and marketing software company is expected to close by the end of Intuit’s second quarter on January 31.Intuit says it will raise about $4.5 billion to $5 billion through a debt issuance in addition to utilizing cash on hand.
Intuit will assume $300 million in Mailchimp employee transaction bonuses through restricted stock units with the rest of the acquisition being paid for through Intuit common stock. Intuit will issue another $200 million in restricted stock units to Mailchimp employees after the deal closes
