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The statement early in the day this week that Intuit, the software that is financial, will be purchasing the personal finance company Credit Karma for $7 billion ended up being striking. The technology industry is under more antitrust scrutiny than in the past; just a couple of weeks hence, the Federal Trade Commission announced an extensive inquiry to the past decade of acquisitions by the five biggest technology leaders, with a give attention to mergers that kill down budding competitors. This deal definitely raises that possibility: Intuit and Credit Karma compete on various fronts, and Intuit’s most recent federal filings called Credit Karma’s tax that is free pc computer pc software being a risk to its principal providing, TurboTax. Intuit has said it shall keep Credit Karma’s solution free, and probably has to promise the maximum amount of to regulators to have the deal authorized.
But enforcers that are antitrust whoever core duty is always to keep areas competitive and protect consumers, are not only watching for mergers that kill off rivals. 继续阅读“Big Information Promises Better Deals. However for Whom?”