Intuit Gets U.S. Antitrust Approval for Credit Karma Deal

U.S. Justice Department says it’s requiring Intuit to sell Credit Karma’s tax business to Square in order to gain antitrust approval for its $7.1 billion purchase of Credit Karma.

• Deal would have harmed competition in do-it-yourself tax preparation products, where Intuit’s TurboTax has long been the market leader, U.S. says in statement
• Earlier: Intuit Buys Credit Karma for $7.1 Billion in Cash, Stock

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David McLaughlin in Washington at dmclaughlin9@bloomberg.net

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Sara Forden at sforden@bloomberg.net

Catherine Larkin

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