DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition



DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition

Per an announcement and series of filings on Wednesday, the United States Department of Justice is calling shenanigans on Intuit (NASDAQ:)’s ambitions, at least in part.

Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital do-it-yourself tax software TurboTax and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back in February. By its own account, Intuit was paying $7.1 billion.