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TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion

TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion

Monday, February 24, 2020, 8:16 AM

Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported. According to the deal, Credit Karma will function as a stand-alone business with its chief executive, Kenneth Lin, remaining in charge, the newspaper said. Mountain View, California-based Intuit went public in 1993, a decade after it was founded.
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