• by Karlene Lukovitz  @KLmarketdaily, September 14, 2021

Intuit’s reported talks with Mailchimp have culminated in a deal, the companies announced.

Intuit, best known for its TurboTax and QuickBooks software, agreed to acquire the email distribution and marketing platform for $12 billion in cash and stock.

Intuit said the deal will help it accelerate growth among small businesses.

In 2020, Intuit acquired Credit Karma, for more than $8 billion.