Intuit Near Deal to Purchase Credit Karma for $7 Billion

Intuit Near Deal to Purchase Credit Karma for $7 Billion

Intuit Inc. is nearing a deal to purchase personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a relocation that would push the bookkeeping-software giant further into consumer finance, according to people familiar with the matter.

The maker of TurboTax might reveal an offer to purchase independently held Credit Karma by Monday, presuming talks do not fall apart, the individuals said.