The Wall Street Journal reported over the weekend that Intuit is buying the credit score monitoring company Credit Karma for $7.1 billion.
- What is the merger intended to boost within the Intuit organization?
- By how much was the Intuit stock increased at the time of the announcement of Intuit’s quarterly earnings and the word of this merger?
- In what areas had Intuit and Credit Karma already been competing?
Zaveri, P. (2020). Intuit is officially buying credit score company Credit Karma for $7.1 billion, and the stock is spiking. Business Insider.com, Feb. 24 (Retrievable online at https://www.businessinsider.com/intuit-buys-credit-karma-turbotax-ai-2020-2)