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Software

Mark Cuban and NEA-Backed FiscalNote To Go Public Via SPAC Merger

Kimberly Redmond | Equities.com |

DC-based legal and regulatory software tracking technology company FiscalNote Holdings Inc will go public via a merger with a special purpose acquisition company Duddell Street Acquisition Corp in a deal valued at about $1.3 billion.

Under the agreement announced this week, the Maso Capital-backed SPAC will provide FiscalNote with proceeds of $275 million, consisting of a $100 million private placement and about $175 million currently held in trust by Duddell Street.


Intuit To Acquire Mailchimp for $12 Billion in Cash and Stock

Kimberly Redmond | Equities.com |

Intuit Inc (Nasdaq: INTU) announced Monday it will buy privately held digital marketing company Mailchimp for $12 billion in cash and stock, uniting the two providers of services for small businesses.

Intuit, best known for its popular financial software TurboTax and QuickBooks, said the acquisition will boost its offerings for businesses looking for ways to reach and service customers online.


Intuit in Discussions To Acquire Mailchimp for More Than $10 Billion

Kimberly Redmond | Equities.com |

Intuit Inc (Nasdaq: INTU), the accounting, tax filing and financial planning software giant, is in talks to buy Mailchimp, an Atlanta-based digital marketing company, for more than $10 billion, Bloomberg News reported Wednesday.

Citing sources familiar with the matter, Bloomberg noted that a final decision has not yet been made and that another buyer could also emerge.


Microsoft Recruits Former Uber Product Head To Boost Consumer Apps Business

Kimberly Redmond | Equities.com |

Microsoft Corporation has hired Manik Gupta, the former chief product officer at Uber Technologies, as part of a renewed effort to boost its consumer app business.

On Tuesday, the software giant announced that Gupta will serve as its new corporate vice president for Teams Consumer, Skype and GroupMe, reporting directly to Jeff Teper, corporate vice president of Microsoft 365 Collaboration.


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