The Traderszone Network

Published in TZ Latest News 7 April, 2016 by The TZ Newswire Staff

Quicken has been sold…What is next?

Intuit has sold Quicken to H.I.G. Capital. H.I.G Capital according to Wikipedia has $19 billion of equity capital under management. Just to give you perspective, Quicken in 2015 generated under $51 million in revenue for Intuit. Unfortunately terms of the sale were not disclosed.

If I were willing to make a guestimate, I would guess Quicken sold for around $200-300 million and hope certainly for under $500 million. Especially with a YoY declining revenue base.

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