Bloomberg Law
Oct. 30, 2020, 2:39 PM

Credit Karma in Talks to Sell Tax-Preparation Ops to Square: DJ

Sarah Jacob
Sarah Jacob
Bloomberg News

Credit Karma Inc. seeks to sell its tax-preparation business to Square Inc., in an effort to prevent any potential antitrust objections arising out of its sale to Intuit Inc., Dow Jones reported on Friday, citing unidentified people familiar with the matter.

  • Potential sale of the tax-preparation business would need Department of Justice approval, the publication said, citing the unidentified people.
    • The department is concerned that its tie-up with TurboTax-maker Intuit would leave individuals with fewer options, it added.
  • Deal terms couldn’t be learned, Dow Jones said.
  • Read from February: Intuit Buys Credit Karma for $7.1 Billion in Cash, ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.