Intuit To Buy Online Personal Finance Co. For $170M

Law360, New York (September 15, 2009, 1:32 PM EDT) -- Intuit Inc., the maker of financial management software such as Quicken and TurboTax, has announced plans to acquire online personal finance service in a $170 million all-cash deal, a move intended to bolster Intuit's direct consumer offerings.

The companies, both based in Mountain View, Calif., announced the deal Monday, and it is expected to close in the fourth quarter of 2009, subject to regulatory approval and other customary closing conditions.

Intuit said it planned to integrate into its consumer group, which includes the Quicken...
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