Intuit Reportedly Ready to Buy Credit Karma for $7 Billion

Online tax prep specialist Intuit (NASDAQ: INTU) is reportedly ready to shell out $7 billion for Credit Karma, a provider of credit history data and personal finance services.

The Wall Street Journal reported over the weekend the cash and stock deal could happen as soon as Monday. It would be the largest acquisition in Intuit's history, and would provide the owner of TurboTax and QuickBooks a new avenue of growth in personal finance.

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Source Fool.com