Credit Karma

The Department of Justice (DOJ) is requiring Credit Karma to divest its tax business to Square as part of Intuit’s US$7.1 billion proposed takeover of Credit Karma. On Wednesday, November 25, Intuit and Credit Karma announced that they had received clearance from the DOJ for the merger, and had agreed for Credit Karma to sell […]

Credit Karma Inc. is in talks to sell its tax-preparation business to Square, according to the Wall Street Journal, a move meant to head off potential antitrust objections to the personal-finance portal’s pending $7.1 billion sale to TurboTax maker Intuit. Terms of the potential deal couldn’t be learned. A sale of the unit would require approval from […]

The Department of Justice (DOJ) is scrutinizing Silicon Valley giant Intuit’s US$7 billion takeover attempt of Credit Karma, an upstart personal finance firm that became a competitor when it launched a free tax prep offering that challenges Intuit’s TurboTax product, reported Bloomberg Law. The DOJ is particularly interested in the merger’s effect on consumer tax […]

Intuit’s TurboTax announced on Monday, March 2, that it is buying personal finance website Credit Karmafor about US$7.1 billion in cash and stock, according to PYMNTS. The Silicon Valley-based Credit Karma, which was founded in 2007, stated it has in excess of 100 million users, about twice as many as Intuit. The FinTech startup offers […]