Deals
TurboTax Maker Intuit Wins U.S. Antitrust Nod for Credit Karma
- Square to buy Credit Karma tax unit under U.S. settlement
- Intuit acquisition threatened competition in DIY tax products
Photographer: Michael Nagle/Bloomberg
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Intuit Inc., the software company behind TurboTax, won U.S. antitrust approval for its $7.1 billion takeover of personal finance website Credit Karma Inc.
The Justice Department said Wednesday it was clearing the deal after Credit Karma agreed to sell its tax business to Square Inc. for $50 million to resolve government concerns over competition in do-it-yourself tax products.