![]() ![]() There have been precious few new innovations in the past decade. While the personal finance tool Mint was groundbreaking a decade ago it has been left to stagnate since Intuit acquired it back in 2009. Intuit has very strong offerings with Quickbooks for business and TurboTax for consumers. What This Deal Could Mean for Intuit and Credit Karma The $7 billion deal is expected to be a combination of cash and stock. Credit Karma was last valued at around $4 billion two years ago and publicly traded Intuit is valued at around $77 billion. ![]() Under the deal Credit Karma would become an independent unit inside Intuit with CEO and co-founder, Ken Lin, remaining in charge. ![]() The deal could be announced as soon as today when Intuit reports earnings after the closing bell. The Wall Street Journal reported late Saturday that Intuit, the maker of Quickbooks, TurboTax and Mint, is close to a deal to acquire Credit Karma for a reported $7 billion. We start out the week with yet another blockbuster fintech acquisition. ![]()
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