Intuit (INTU) announced a deal to buy privately-held email marketing firm Mailchimp, explains Siti Panigrahi of Mizuho Americas. The deal is expected to be $12B in cash and stock and expected to close in 2Q22. Siti says it is a great acquisition as it expands Intuit's QuickBooks business from a back-office accounting application to providing an end-to-end platform for customers.
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