Cash app announces definitive agreement to acquire credit karma tax

San francisco--(business wire)--square, inc. (nyse: sq) has entered into a definitive agreement with credit karma to acquire its tax business, credit karma tax, on behalf of cash app, the financial services app that allows individuals to spend, send, store and invest money. square will pay $50 million in cash for credit karma tax, which provides a free, do-it-yourself tax filing service for consumers. consistent with square's purpose of economic empowerment, cash app plans to offer the free tax
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