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.
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