202025 Nov
Intuit and Credit Karma Receive Clearance from Department of Justice for Acquisition of Credit Karma
Type
Acquisitions
Companies
Source
Businesswire
Summary

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks, and Mint, with 57 million customers, and Credit Karma, the consumer technology platform with more than 110 million members in the U.S., Canada and the U.K., today announced that they have entered into a consent decree with the U.S. Department of Justice (DOJ), an important step in completing their previously announced merger. These challenges add even greater urgency to Intuit’s and Credit Karma’s shared goal to help customers improve their financial lives. Together with our trusted brands, customer scale, as well as our data and AI platforms, we will achieve more than either company could on its own,” said Kenneth Lin, Founder and CEO of Credit Karma. Founded in 2007 by Kenneth Lin, Credit Karma is a consumer technology company with more than 110 million members in the U.S, U.K. and Canada, including over half of all U.S. millennials. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “will,” “estimate,” “outlook” and similar expressions, including the negative thereof.

Classifications
  • Accounting and Taxes
  • Retail
  • Point of Sale (POS)
  • Sales and Marketing
  • Online Marketing