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The statement previously this week that Intuit, the economic computer software giant, will be purchasing the personal finance business Credit Karma for $7 billion ended up being striking. The technology industry is under more antitrust scrutiny than ever before; just a couple weeks hence, the Federal Trade Commission installment loans bad credit online announced an extensive inquiry to the previous decade of purchases by the five tech giants that are biggest, having a consider mergers that destroy down budding competitors. This deal definitely raises that possibility: Intuit and Credit Karma compete on various fronts, and Intuit’s most recent federal filings called Credit Karma’s free taxation planning computer pc computer software as being a risk to its principal providing, TurboTax. (more…)
