Intuit Near
Deal to Buy Credit Karma for $7 Billion
Feb.
22, 2020 11:58 pm ET
This article was very interesting
regarding a prospective acquisition between Intuit and Credit Karma. Intuit
know for personal financing, helps customer with their taxes, bookkeeping, and
finance management, at a low cost. Credit Karma has similar business qualities.
They help customer manage their credit score by providing tracking,
recommendation, and guidance, for free. Both companies are excellent in what they
do and are both valued into the billions. With this acquisition Intuit would
hold another branch for an individuals personal financing need. This would
benefit both companies and their customers because with Intuit’s personal
financing information and Credit Karma credit information obtained, they would
be able to recommend better options for their customers. In addition, Credit
Karma would still be able to keep their current CEO, Kenneth Lin. I would be
very interested in keeping up with these companies’ possibilities in a merger,
being that I currently use both products.
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