Intuit expected to buy Credit Karma in $7 billion deal

Source: Nathaniel Popper & Michael J. de la Merced, New York Times (Paid Registration)

Intuit, the home of TurboTax and Mint, is nearing a deal to buy Credit Karma, a start-up that grew to fame by offering consumers free access to their credit scores, for about $7 billion in cash and stock, two people briefed on the matter said on Sunday.

The deal, which could be announced as soon as today, points to the value of the financial data of ordinary Americans. Credit Karma grew to be worth billions of dollars by selling credit card offers to its customers after building their credit profiles.

Read Full Article: Intuit expected to buy Credit Karma in $7 billion deal

 

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