Intuit buying document site Docstoc, reportedly for up to $50M

|About: Intuit Inc. (INTU)|By:, SA News Editor

Intuit (INTU) is acquiring Docstoc, a document-focused resource site for small businesses that claims 25M+ registered users. AllThingsD reports the purchase price "could reach $50 million."

Docstoc offers 20M+ professional documents on its site, along with articles, videos, and other content aimed at SMBs. Some of its content is free, while other material requires subscription plans. The startup also provides a platform for uploading, syncing, and selling user-created documents.

Docstoc is the latest in a string of SMB-focused acquisitions made by Intuit, which recently obtained $1.025B from the sale of its online/mobile banking software unit (but apparently could've obtained more).

Other recent acquisitions include workers comp. tech provider Prestwick Services, tax return software firm GoodApril, and Facebook ad/e-commerce services provider Payvment.