Intuit Likely to Announce $7 Billion Acquisition Deal of Credit Karma

Intuit Likely to Announce $7 Billion Acquisition Deal of Credit Karma

Reportedly, Intuit Inc. is close to a deal for buying Credit Karma Inc., a personal finance portal. The procurement could cost $7 billion in both stocks as well as cash. According to the sources familiar with the matter, the company is purchasing the portal in an effort to push the secretarial-software giant subsequently into consumer financing. In other words, the deal will drive Intuit Inc. further into the rapidly expanding sector of consumer finance. Sources said the company could announce the settlement as early as Monday. Well, it will be…

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