Intuit Inc. is nearing a deal to purchase personal-finance portal Credit score Karma Inc. for about $7 billion in money and inventory, in a transfer that will push the bookkeeping-software large additional into shopper finance, in keeping with individuals acquainted with the matter. USA Right now studies:

The TurboTax proprietor Intuit could purchase the personal-finance portal Credit score Karma in a $7 billion deal this week, The Wall Road Journal reported.

Intuit is predicted to announce the acquisition as early as Monday, sources acquainted with the association instructed the Journal. The transfer could be the biggest buy Intuit has made in its 37-year historical past. 

Credit score Karma would nonetheless perform as a standalone enterprise with its CEO Kenneth Lin remaining on the helm, sources instructed the Journal.

Greater than 85 million People use Credit score Karma to raised perceive and enhance their credit score scores. The startup makes cash via bank cards and mortgage referral commissions. Intuit is the maker of TurboTax, the web tax submitting service utilized by tens of millions of People to file taxes.