Intuit's CEO says he's not chasing 'mega deals' and says the $7.1 billion acquisition of Credit Karma will give consumers more choice

TurboTax maker Intuit announced plans to acquire credit monitoring company Credit Karma for $7.1 billion on Monday.Intuit CEO Sasan Goodarzi and Credit Karma CEO Kenneth Lin tell Business Insider that the deal will accelerate the growth of both of their companies. Intuit has been working to use artificial intelligence to make its tools more personalized, and Goodarzi said acquiring Credit Karma helps them do that faster. For Credit Karma, Lin said he found that combining forces with Intuit would help grow the company faster than via an IPO. Intuit and Credit Karma do have some tools that overlap, which could put antitrust scrutiny on Intuit for acquiring a smaller rival, but Goodarzi said he doesn't see that as a concern, because the ultimate goal is to give customers more choice - whether

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