September 13, 2021
Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, and Credit Karma, has announced that it has agreed to acquire Mailchimp, a world-class, global customer engagement and marketing platform for growing small and mid-market businesses. The planned acquisition of Mailchimp for approximately US$12 billion in cash and stock advances Intuit’s mission of powering prosperity around the world, and its strategy to become an AI-driven expert platform. With the acquisition of Mailchimp, Intuit will accelerate two of its previously-shared strategic Big Bets: to become the center of small business growth; and to disrupt the small business mid-market.
Latham & Watkins LLP represents Intuit in the transaction with a Bay Area corporate deal team led by partner Luke Bergstrom, with associates Bret Stancil, John Bullock, Jennifer Boyd, and Amanda Dillon. Advice was also provided on securities law matters by Washington, D.C. partner Joel Trotter; tax matters by Bay Area partner Grace Lee, with associate Alex Farris; benefits and compensation matters by Los Angeles/Bay Area partner Julie Crisp, Los Angeles partner Joseph Farrell, London partner Catherine Drinnan, and Chicago counsel Sandhya Chandrasekhar, with associates Kary Payne and Joseph Benedetto; data privacy matters by London partner Fiona Maclean and Bay Area counsel Robert Blamires, with associates Samantha Maerz-Boening, Taylor Allison, William Bobseine, and Irina Vasile; intellectual property matters by Bay Area partner JD Marple and Bay Area counsel Arielle Singh, with associates Amy Dippolito, Caroline Omotayo, Andrew Huang, and Ryan Sanders; real estate matters by New York partner Michelle Kelban, with associate Thomas Ficchi; anti-corruption and sanctions matters by Washington, D.C. partners Erin Brown Jones and Eric Volkman, with associate Julie Choi Shin; antitrust matters by Washington, D.C. partners Amanda Reeves and Ian Conner, Bay Area Partner Joshua Holian, and Brussels counsel Tomas Nilsson, with associate Sophia Bertran; and on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White.