On February 24, Intuit, a global financial software company with products including Turbotax, QuickBooks, Mint, and Turbo, announced that it had agreed to acquire Credit Karma, a personal finance company offering free credit scores, reports, and insights. Wilson Sonsini Goodrich & Rosati is advising Credit Karma in the transaction.

Under the terms of the agreement, Intuit has agreed to pay total consideration of approximately $7.1 billion to acquire Credit Karma, subject to customary adjustments for transactions of this nature. The transaction is expected to close in the second half of calendar year 2020, subject to receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.

The Wilson Sonsini team advising Credit Karma includes the following attorneys:

Corporate/M&A
Tony Jeffries, Partner
Melissa Hollatz, Partner
Andrew Gillman, Associate
Anna Mascoli, Associate
Zack Lenox, Associate
Jacqueline Jung, Associate

Employee Benefits & Compensation
Sriram Krishnamurthy, Partner

For more information, please see Intuit’s press release.