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TurboTax maker Intuit buying Credit Karma in $7.1B deal

 

February 23, 2020



Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into the financial products realm.

The agreement announced Monday would bring together the maker of TurboTax, QuickBooks and other personal finance tools with one focusing on consumers' access to financial products, such as finding the right loan or credit card.

The combined companies will aim to provide consumers with "a personalized financial assistant," Intuit's CEO Sasan Goodarzi said.

Credit Karma offers users free access to credit scores and information about financi...



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