Seeking Alpha

WSJ: Intuit in talks to buy bill-payment app Check for $350M+

The WSJ reports Intuit (INTU) is in talks to buy Check, developer of a bill-payment/money management app with 10M+ users, for over $350M. The paper cautions discussions are at an early stage.

Check, which has its share of rivals, monetizes its apps via ads. The company reportedly expects 2014 revenue of over $20M, up from less than $15M in 2013.

Intuit, which has proclaimed it wants to be "the operating system for small business," has bought a slew of companies in recent years that provide Web-based or mobile tools for SMBs to help manage their day-to-day activities (Demandforce being the largest). Compared with many other acquisition targets, Check is relatively consumer-focused.

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