Intuit Nears Deal To Buy Credit Karma For $7 Bln : WSJ

(RTTNews) - Intuit Inc. (INTU) nears a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, the Wall Street Journal reported, citing people familiar with the matter.

The maker of TurboTax could announce a deal to buy privately held Credit Karma by Monday, assuming talks don't fall apart, the report said. Credit Karma was valued at about $4 billion in a private share sale about two years ago.

The San Francisco-based company is backed by funds such as private-equity firm Silver Lake and financial-technology venture firm Ribbit Capital, the report said.