Intuit Inc. (NASDAQ: INTU) has disclosed that it has got the approval from the US Department of Justice for the purchase of Credit Karma. After receiving the green signal from DOJ, INTU is one step closer to execute the earlier disclosed merger. Intuit and Credit Karma has also disclosed that as per the agreement of Credit Karma with Square Karma will sell its Tax business to Square.
The agreement of sale with Square will only be executed after the successful completion of the agreement between INTU and Karma. The integration of INTU and Credit Karma will provide support to customers during a difficult period of a pandemic.