Fintech company Intuit to buy Credit Karma for $7.1 billion

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Fintech company Intuit to buy Credit Karma for $7.1 billion
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Inuit has agreed to acquire Credit Karma for approximately $7.1 billion in cash and stocks, the companies announced. The acquisition of Credit Karma pushes Intuit further into the world of consumer finance technology.

New York Intuit has agreed to acquire Credit Karma for approximately $7.1 billion in cash and stocks, the companies announced Monday.

Intuit is the maker of tax preparation software TurboTax, small business accounting software QuickBooks and personal finance manager platform Mint. The acquisition of Credit Karma pushes Intuit further into the world of consumer finance technology.Credit Karma, founded in 2007, provides free credit score monitoring for consumers.

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