Intuit To Acquire (Former TechCrunch50 Winner) Mint For $170 Million
Intuit will acquire the free online personal finance service Mint , we’ve confirmed from a source close to the deal, for around $170 million. The deal should be announced in the next few days. This is a terrific exit for Mint, which first launched two years ago at TechCrunch50 . Mint took the top prize at that event and has been growing fast ever since. Their last round of financing valued the company at $140 million . In all, Mint has raised $32 million over three venture rounds. Earlier this year Mint and Intuit had a humorous clash over Mint advertising claims of gaining 3,000 new users a day and jumping from 600,000 to 850,000 users in a matter of months. Intuit sent a letter to Mint demanding an explanation for this apparently inconceivable feat, which we obtained and printed here . We have just one question for founder and CEO Aaron Patzer , though. Can we please have our $50,000 grand prize back ? It seems like you don’t really need it any more. Crunch Network : MobileCrunch Mobile Gadgets and Applications, Delivered Daily. TechCrunch50 Conference 2009 : September 14-15, 2009, San Francisco
Read the rest here….