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Latham & Watkins Advises Intuit in US$7.1 Billion Acquisition of Credit Karma

February 24, 2020
Deal exemplifies Latham’s deep capabilities advising on complex transactions in the fintech space.

Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks, and Mint, has announced that it has agreed to acquire Credit Karma, the consumer technology platform with more than 100 million members in the US, Canada, and UK, for approximately US$7.1 billion in cash and stock.

Latham & Watkins LLP is advising Intuit in the transaction with a corporate deal team led by Bay Area partners Luke Bergstrom and Chad Rolston, with associates Katherine Chen, Kaitlyn Fulcher, David Chen, Amanda Dillon, Bradley Alvarez, Bret Stancil, and Paul Jeffrey. Advice was also provided on benefits and compensation matters by Bay Area partner Julie Crisp and London partner Catherine Drinnan, with associates Mary Alice DiPietro and Sophie Cooper; on tax matters by Bay Area partner Grace Lee, with associates Anne McGinnis and Jeremiah Cowen; on technology transactions matters by Bay Area partner JD Marple, with associates Arielle Singh, Cassandra Wang, Adam Kaldor, and Heather Lui; on data privacy matters by London partner Deborah Kirk and Bay Area counsel Robert Blamires, with associates James Smith and Olga Phillips; on antitrust matters by Washington, D.C. partner Amanda Reeves, Bay Area partner Joshua Holian, and Washington, D.C. counsel Alan Devlin, with associates Kelly Fayne, Elise Nelson, Clarissa Lu, and Sydney Lakin; on securities matters by Washington, D.C. partner Joel Trotter, with associates Nicholas Monsees and Raul Gonzalez; on FCPA matters by Washington, D.C. partner Brian Kowalski, with associate Arianna Medina; on regulatory matters by New York partner Alan Avery and New York counsel Pia Naib; on UK corporate matters by associates Suneel Basson-Bhatoa and Georgina Scott; on UK financial regulation matters by London partner Nicola Higgs, with associates Becky Critchley and Katy Sanders; and on compliance matters by New York partner Blair Connelly, with associate Sindhu Boddu.