WSJ News Exclusive | Intuit Near Deal to Buy Credit Karma for $7 Billion

Intuit Inc. is nearing a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a move that would push the bookkeeping-software giant further into consumer finance, according to people familiar with the matter.

The maker of TurboTax could announce a deal to buy privately held Credit Karma by Monday, assuming talks don’t fall apart, the people said. Credit Karma was valued at roughly $4 billion in a private share sale about two years ago.

Three words to explain Intuit's rationale: 'Free tax returns'. Stopping a potentially existential threat to the TurboTax cash cow.

Not only no, but hell no, capital NO, no, no, no, not a good idea type of no, BadIdea Antitrust No HellNo, nope Screwed

Seems FTC should have a look at this deal

Wonder if the FTC will sue to block the deal as they did with the Edgewell Harry’s deal

Fuck. I guess no more free tax filing. Turbo Tax wanted $110. Credit Karma was free.

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ah right, because their acquisition of mint has gone so well

Create a free product that challenges the business of someone big... Until they just buy you?

Becoming a data company is how you make money. Intuit now has info on every single user that ever used creditkarma ...so many sales/marketing opportunities and they’ll make their money back in no time

Startups AsiaInvest Philippines Manila Tequila ✨🍹 tequilacomisario Let us know,send your inquries now

Intuit: “We’re only in this position because we were essentially first. Enjoy charge-creep with that buggy portal/software and infinite sales offers. 👍”

Expect more tweaks to Mint designed to hawk credit card offers to you

Intuit: Let's pay them $7 billion so they can stop letting people file their taxes for free!

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