DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma
PYMNTS
AUGUST 4, 2020
I have serious concerns that this transaction is an attempt by Intuit, a dominant incumbent, to eliminate an innovative and disruptive upstart, and that if permitted, it will harm the competitive process,” the Rhode Island Democrat wrote. Intuit dominates online tax preparation with a 67 percent market share in 2019.
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