Transaction · Consumer Finance · 2020

Block / Credit Karma Tax 2020

Block acquired Credit Karma Tax for $50M on November 25, 2020.

Target: Credit Karma Tax
Acquirer: Block
Deal value: $50M
Announced: November 25, 2020
Sub-sector: Consumer Finance

Transaction overview

Block announced the acquisition of Credit Karma Tax on November 25, 2020 for $50M.

Strategic rationale

Square (now Block) acquires Credit Karma Tax to add free tax filing to Cash App.

Deal terms & multiples

Deal value: $50M
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: November 25, 2020
Acquirer: Block (Strategic)
Sub-sector: Consumer Finance

Sources

block.xyz /inside/press-release-credit-karma-tax-aquisition