DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition
Cointelegraph
Published Nov 25, 2020 12:37PM ET
Updated Nov 25, 2020 02:20PM ET
Per an announcement and series of filings on Wednesday, the United States Department of Justice is calling shenanigans on Intuit (NASDAQ:INTU)'s ambitions, at least in part.
Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital do-it-yourself tax software TurboTax and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back in February. By its own account, Intuit was paying $7.1 billion.
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Written By: Cointelegraph
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