Intuit to buy Credit Karma for $7.1 billion

Feb 24 (Reuters) - TurboTax maker Intuit said on Monday it would buy privately held personal finance portal Credit Karma in a cash-and-stock deal for about $7.1 billion.

The purchase price will be payable in equal portions of cash and Intuit stock, with the shares of Intuit being valued at about $299.73 per share, the company said. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shounak Dasgupta)

RELATED: Take a look at a few tax credits and deductions that could save you thousands: