Wilson Sonsini Advises Xero on Acquisition of Melio for up to $3 Billion

Client Highlights

June 27, 2025

On June 24, 2025, New Zealand-based Xero Limited, a global small business platform that helps customers supercharge their business by bringing together the most important small business tools, announced it has entered into an agreement to acquire U.S.-based Melio Limited, a leading SMB bill pay platform that seamlessly integrates accounting and payments, and its associated entities (collectively Melio). The acquisition is expected to be funded through a mix of cash and equity, with an upfront consideration of $2.5 billion in cash and equity consideration and up to $500 million in contingent consideration, deferrals and rollovers payable to Melio employees. Wilson Sonsini Goodrich & Rosati is serving as lead counsel to Xero on the acquisition.

Acquiring Melio delivers a step change in Xero’s U.S. value proposition and scale, accelerating its 3x3 strategy and global aspirations. This acquisition solves a critical customer need in the U.S., uniting accounting and payments in one platform for customers.

The Wilson Sonsini team that is advising Xero on the transaction includes:

M&A
Rich Mullen
Ross Tanaka
Hallee Moore
Kaleigh Hawkins-Schulz
Melis Kilic
Blake Kaufmann
Emil Keremidarski

Corporate and Securities
Steve Bernard

Fintech and Financial Services
Jess Cheng
Mike Casey
Andrew Kliewer

Technology Transactions
Chris Paniewski
Dena Smith
Sarah Syed
Ariel Friedman
Graham Hendrick
Regina McLeod

Data, Privacy, and Cybersecurity
Matt Staples
Daniel Chen
Dantam Le
Chany Kim

Tax
Myra Sutanto Shen
Anjali Krishnan

Employee Benefits and Compensation
Brandon Gantus
Matt Norgard
Brett Condie
Laura Yun

Employment Litigation
Matt Gorman
Quinn Christie

Corporate Finance
John Mao
Dana Hall
Jason Koo
Julia Anderson

Antitrust and Competition
Jamillia Ferris
Kimberley Biagioli
Lauren Gallagher

National Security and Trade
Stephen Heifetz
Joshua Gruenspecht
Anne Seymour
Seth Cowell
Bryan Poellot