Intuit to sell financial services unit for $1 bln
July 1 (Reuters) - Intuit Inc said it would sell its financial services unit to private equity firm Thoma Bravo for $1.03 billion as it focuses on its core tax-preparation software business.
Intuit, the maker of tax-preparation software TurboTax, will use proceeds from the deal to repurchase shares, the company said in a statement.
Intuit Financial Services provides online and banking software to financial institutions.
- Vice-principal of South Korea school in ferry disaster commits suicide |
- After Nevada ranch stand-off, emboldened militias ask: where next?
- Florida man charged with murdering son so he could play video games
- New Russia sanctions threats as Ukraine stalemate goes on |
- All 338 Korean students, teachers rescued from sinking ferry - school official