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.
- The deal is expected to close pending customary conditions.
Strategic rationale
Square (now Block) acquires Credit Karma Tax to add free tax filing to Cash App.
Deal terms & multiples
Frequently asked questions
How much did Block pay for Credit Karma Tax?
Block acquired Credit Karma Tax for $50M, announced on November 25, 2020.
When did Block announce the acquisition of Credit Karma Tax?
Block announced the acquisition of Credit Karma Tax on November 25, 2020.
What sub-sector is Credit Karma Tax in?
Credit Karma Tax is tracked in the Consumer Finance sub-sector.
Sources
- block.xyz /inside/press-release-credit-karma-tax-aquisition