What you need to know about Intuit's $7.1 billion purchase of Credit Karma

The software company that owns TurboTax and Mint just announced another big purchase.



Intuit, which also owns QuickBooks, announced Monday it was buying the free credit monitoring service Credit Karma for a cool $7.1 billion.



The move will help Intuit corner the tax filing software market but, more importantly, gives the company access to the financial data of Credit Karma’s millions of users.

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