Intuit Buys Digital Insight For $1.35B
Mountain View-based Intuit said this moring that it is in a definitive agreement to acquire Calabasas-based Digital Insight, a provider of online banking services for credit unions and banks, in a deal worth approximately $1.35 billion. According to Intuit, it will pay $39 per share in cash for each Digital Insight common share. Intuit said it will combine work flows in its financial management tools with the online banking capability offered by Digital Insight. The close is expected in the first quarter of 2007, and will be financed with up to $1B in debt financing.
posted on Thursday, November 30, 2006
Related companies:
Intuit
Related stories:
> Intuit Gets Clearance For Digital Insight Acquisition
> Intuit Sells Intuit Financial Services To Thoma Bravo
> Intuit Buys TSheets For $340M
> Intuit Buys Homestead Technologies
> Intuit Buys Demandforce
silicontap.com Home