Catch up on the day’s biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider’s guide to the new White House with Axios Sneak Peek. Sign up for free.
Communicate like Axios
Keep teams engaged and aligned with Axios-style communications crafted with Axios HQ.
Learn more
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Photo illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images.
Intuit, the maker of TurboTax and QuickBooks, on Monday said that it has agreed to buy email marketing company Mailchimp for $12 billion in cash and stock.
Why it matters: This would be the largest-ever acquisition of a privately-held bootstrapped company, as Mailchimp didn’t take any outside funding since its 2001 founding. It’s also a huge windfall for the founders of Mailchimp, which opted for profit-sharing instead of stock-based compensation for employees.