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Global technology platform Intuit Inc. has agreed to acquire global customer engagement and marketing platform Mailchimp for about $12 billion in cash and stock, subject to customary adjustments.
Bloomberg News previously reported that Intuit was in talks to acquire Mailchimp for over $10 billion.
The deal is expected to close before the end of Intuit's second-quarter fiscal 2022 and is anticipated to be accretive to the company's non-GAAP EPS for full-year fiscal 2022.