TurboTax Maker Intuit Wins U.S. Antitrust Nod for Credit Karma

Intuit Inc., the software company behind TurboTax, won U.S. antitrust approval for its $7.1 billion takeover of personal finance website Credit Karma Inc.

The Justice Department said Wednesday it was clearing the deal after Credit Karma agreed to sell its tax business to Square Inc. for $50 million to resolve government concerns over competition in do-it-yourself tax products.

San Francisco-based Credit Karma has attracted more than 100 million users by offering free credit scores since it was founded in 2007. The financial technology startup offers other services, including the ability to apply for a credit card, find an auto ...