Justice Department Reviewing Intuit's $7 Billion Deal for Credit Karma

The Department of Justice is scrutinizing Silicon Valley giant Intuit’s $7 billion takeover attempt of Credit Karma, an upstart personal finance firm that became a competitor when it launched a free tax prep offering that challenges Intuit’s TurboTax product. The probe comes after ProPublica first reported in February that antitrust experts viewed the deal as concerning because it could allow a dominant firm to eliminate a competitor with an innovative business model.

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