Intuit Completes Acquisition of Credit Karma

Dec 3, 2020 · Intuit has closed its acquisition of Credit Karma for a total consideration of approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards with a value of $4.7 billion. The total consideration includes approximately $300 million of acquired …

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Intuit Completes Acquisition Of Credit Karma

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Intuit Completes Acquisition Of Credit Karma | Business Wire

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Dec 3, 2020 · Intuit has closed its acquisition of Credit Karma for a total consideration of approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards …

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Why Intuit Bought Credit Karma For $8.1 Billion | Fortune

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Rather, Intuit was intrigued by the reach of Credit Karma, a 13-year-old startup with 110 million members, as well as its other financial products— including credit card and loan comparison ...

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Intuit Inc. Completed The Acquisition Of Credit Karma, Inc.

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Dec 2, 2020 · Intuit Inc. entered into an agreement to acquire Credit Karma, Inc. for approximately $7.1 billion on February 24, 2020. The consideration includes $7.1 billion of cash and stock. …

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Intuit-Credit Karma: How A Shared Focus On Consumers’ …

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Mar 22, 2021 · Now closed, Intuit’s $7+ billion acquisition of Credit Karma, ranks among the largest fintech deals ever.For the two companies, it quickly became clear that a combination …

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FAQs about Intuit Completes Acquisition of Credit Karma Coupon?

Did Intuit buy Credit Karma?

Intuit has closed its acquisition of Credit Karma for a total consideration of approximately $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards with a value of $4.7 billion. The total consideration includes approximately $300 million of acquired cash. ...

How did Credit Karma perform in Q1 2022?

During the most recent quarter — Intuit’s fiscal Q1 2022 — Credit Karma contributed $418 million in revenue. That’s compared to just $144 million and $316 million in its first two quarters as part of Intuit. That growth was driven by strength in personal loans and credit cards, as lending in those areas continues to pick up. ...

How much is Intuit worth?

That’s up from the original value of $7.1 billion when the deal was initially announced in February. Since then, the stock price of Intuit had appreciated some 24%, which combined with an uptick in Credit Karma’s working capital, boosted the price tag of the deal. ...

Will Intuit continue to operate autonomously?

With another tax season ahead in which the groups can apply lessons from the previous year, as well as improvement in products like Lightbox and Credit Karma Money, the team is poised to capitalize on Intuit’s investment in the business. And as long as it does, Intuit will continue to let it operate autonomously. ...

Can Credit Karma help you get your money faster?

To be able to use Credit Karma money as a conduit to get you your money faster is important,” Lin said. He added that each year TurboTax sees roughly $100 billion in tax refunds, which amounts to a huge opportunity to grow the Credit Karma user base. ...

Who is Intuit's Financial Advisor?

Qatalyst Partners served as Intuit’s financial advisor and Latham & Watkins, LLP as Intuit’s legal advisor. Goldman Sachs & Co. LLC served as Credit Karma’s financial advisor, with Skadden, Arps, Slate, Meagher & Flom LLP and Wilson Sonsini Goodrich & Rosati providing legal counsel to Credit Karma. ...