The deal, which will be in cash and stock, would push Intuit further into the growing online consumer finance sector. The company is expected to announce the agreement on Monday, according to The Wall Street Journal.
TurboTax maker Inuit is close to an agreement to buy personal-finance technology portal Credit Karma for roughly $7 billion, The Wall Street Journal reported, citing people familiar with the matter.
The company is expected to announce the agreement on Monday, people familiar with the matter told the newspaper.TurboTax maker Inuit Inc. is close to an agreement to buy personal-finance technology portal Credit Karma Inc. for roughly $7 billion, the Wall Street Journal reported, citing anonymous sources.
The acquisition would be Intuit's largest in its 37-year history. Intuit shares have risen nearly 14% since the beginning of the year, and the company is expected to report second-quarter earnings on Monday.
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