H&R Block To Buy TaxACT Maker For $287.5M

Law360, New York (October 14, 2010, 5:07 PM EDT) -- Looking to boost its digital portfolio, H&R Block Inc. plans to pick up 2SS Holdings Inc., the developer of TaxACT digital tax preparation solutions, for $287.5 million in cash.

Kansas City, Mo.-based H&R Block said Wednesday it signed a definitive merger deal to acquire all outstanding shares of the company and aims to combine TaxACT with its H&R Block At Home digital business while continuing to offer both brands in the market. The merged unit will be headed up by TaxACT management.

“This transaction is a...
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