Intuit Buys Santa Monica-based Docstoc; Price Could Hit $50 Million

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From AllThings D:

“Intuit has acquired Docstoc, the electronic document service aimed at the sale and storage of a wide variety of documents for businesses.

While the well-known Silicon Valley-based business-software company did not disclose the price it paid for the Los Angeles-area company, sources close to the situation said that it could reach $50 million, although it’s not clear if that price includes earn-outs to the staff of 50 Docstoc employees who will be joining Intuit. The unit will remain in Santa Monica, Calif., for now…

Docstoc [web]


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