M&A

September 1, 2021

Intuit + Mailchimp ❤️ 🙈

Some big M&A news today: Intuit is in talks to buy Mailchimp in a deal valuing the company at $10 billion.

You probably know Intuit as the TurboTax guys, but Intuit actually makes more money from services for small businesses (SMBs.) Mailchimp would be a big pickup for Intuit, adding a suite of digital marketing tools to Intuit’s finance-centric product suite. 🤖 💰

M&A chats have been dicey lately, but Mailchimp has been looking for a buyer for most of the year. The company reportedly made around $300 million in 2020, according to sources.

Intuit was in the news last year for another big line-item purchase when it bought Credit Karma for $7.1 billion. The company has capitalized on the digital transformation accelerated by the COVID-19 pandemic, thanks to tools like Quickbooks, Mint, and its online tax services.

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Dish Network merged with EchoStar, a company it once owned, as it looks to chase its dream of becoming the fourth major wireless carrier in the U.S. The merger was announced in August but finalized on the last day of the year as the companies sought the necessary regulatory approvals. 📡

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M&A

February 20, 2024

Walgreens Gets The Boot

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M&A

October 23, 2023

A Day Of M&A Madness

As is usually the case, there was a lot of weekend news regarding mergers, acquisitions, partnerships, and more. So, let’s review the biggest ones. 👇

First up is oil giant Chevron buying its U.S. rival Hess for $53 billion, marking the second-largest deal in decades. The all-cash deal comes just weeks after Exxon Mobil purchased Pioneer Natural Resources for $59.5 billion to expand its reach in the Permian Basin. It also purchased Denbury this summer for $4.9 billion.

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M&A

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Another Day Of M&A

As usual, it was another busy Monday of mergers and acquisitions. Let’s recap the biggest deals. 📝

First, Danish pharmaceutical giant Novo Nordisk’s parent company is buying drug manufacturer Catelent for $16.5 billion to help boost the supply of popular weight loss injection Wegovy and diabetes shot Ozempic. Novo Nordisk will then buy three of Catalent’s manufacturing sites from its parent company for $11 billion, giving it further access to the fill-finish part of its Wegovy product. 🏭

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M&A

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An M&A Mashup

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First up is Macy’s, which saw shares soar 20% on reports that the 165-year-old retailer is considering a buyout offer from Arkhouse Management and Brigade Capital Management. It’s unclear how the company’s board feels about the offer, but clearly, these firms have value in Macy’s real estate. Analysts speculate that the investor group may sell off real estate and spin off its e-commerce business to deliver short-term gains. However, that would come at the expense of the core retail business people know and love it for. 🏬

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M&A

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A Day Of Deals

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