Intuit buys Mint.com: Both remain free to users

Intuit, the makers of Quicken, announced it is purchasing Mint.com, a rival personal finance Web site, for $170 million.

According to the announcement on The Quicken Blog, by joining the two companies will be able to better achieve their common goal to "help consumers do more with their money with innovative, easy-to-use online services."

For now there will be no change in the way that users of Mint.com or Quicken Online manage their finances and access their account information. After the acquisition is complete Mint.com will continue to operate separately as Mint.com and become the "primary online personal finance management service that is offered directly to consumers by Intuit."