Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 6, 2020

Article Excerpt

INTUIT INC., $276.18, symbol INTU on Nasdaq, is a global financial firm. In addition to TurboTax, the online software that millions of people use to file their taxes, Intuit’s offerings include QuickBooks bookkeeping software used by businesses, and Mint, an online-budgeting platform that also pitches financial products to individuals. On February 24, 2020, Intuit announced an agreement to acquire privately held Credit Karma for $7.1 billion in cash and stock. The deal would mark the company’s largest acquisition by far in its 37-year history and the first sizable transaction under CEO Sasan Goodarzi. She took over a little more than a year ago. Founded in 2007, Credit Karma is best known for its free credit score app. It offers its customers free access to their credit scores and borrowing history, and alerts them to possible data breaches. It also provides credit monitoring and tax preparation and filing help. Customers in turn receive offers from other companies for credit cards and loans tailored…