In February Intuit said it would buy privately held Credit Karma in a cash-and-stock deal, as the TurboTax maker seeks to expand further into consumer finance.The Justice Department said in a statement that without the divestiture, the deal would hurt competition for digital do-it-yourself tax preparation products.
The Justice Department said Square Inc will buy Credit Karma Tax, the fifth-largest provider of online tax preparation products for U.S. federal and state tax returns.Reporting by Susan Heavey and Chris Sanders; Editing by Chizu Nomiyama and Jonathan Oatis
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