In 2019 there were $3.4 trillion in mergers and acquisitions worldwide as companies sought growth opportunities and strategic advantages in a globally competitive world. In February 2020, Fintech giant, Intuit (INTU) announced that it would be acquiring Credit Karma for approximately $7.1 billion, making it Intuit's largest acquisition ever. Intuit is a global financial platform company, including TurboTax, QuickBooks, and Mint as its flagship products. Intuit's financial management solutions serve approximately 50 million customers worldwide. At the same time, Credit Karma is a consumer technology company with more than 100 million members in the U.K., U.S., and Canada with a high millennial user base. Credit Karma supplies free credit reports, loan and identity protection, and credit tools. Credit Karma reported nearly $1 billion in unaudited revenue in 2019 , up 20% from 2018 . The transaction closed in December 2020. Research other sources to analyze the acquisition and answer the following question: Is the acquisition a related or unrelated acquisition for Intuit? Explain. What are some of the significant advantages to Intuit of the acquisition? Explain What are some of the disadvantages of Intuit the acquisition? Explain What are some of the risks to Intuit of the acquisition? Explain Does the acquisition fit Intuit's stated Strategy? Overall is it a Good Acquisition or a Bad Acquisition for Intuit and its shareholders? Explain why or why not..

1. In 2019 there were $3.4 trillion in mergers and acquisitions worldwide as companies sought
growth opportunities and strategic advantages in a globally competitive world. In February 2020,
Fintech giant, Intuit (INTU) announced that it would be acquiring Credit Karma for
approximately $7.1 billion, making it Intuit's largest acquisition ever. Intuit is a global financial
platform company, including TurboTax, QuickBooks, and Mint as its flagship products. Intuit's
financial management solutions serve approximately 50 million customers worldwide. At the
same time, Credit Karma is a consumer technology company with more than 100 million
members in the U.K., U.S., and Canada with a high millennial user base. Credit Karma supplies
free credit reports, loan and identity protection, and credit tools. Credit Karma reported nearly $1
billion in unaudited revenue in 2019 , up 20% from 2018 . The transaction closed in December
2020. Research other sources to analyze the acquisition and answer the following question: Is the
acquisition a related or unrelated acquisition for Intuit? Explain. What are some of the significant
advantages to Intuit of the acquisition? Explain What are some of the disadvantages of Intuit the
acquisition? Explain What are some of the risks to Intuit of the acquisition? Explain Does the
acquisition fit Intuit's stated Strategy? Overall is it a Good Acquisition or a Bad Acquisition for
Intuit and its shareholders? Explain why or why not.