Loading…
Tuesday, July 22, 2014
Current Weather
Loading Current Weather....
Published: Wednesday, 11/16/2011

H&R Block drops bid to buy software firm

BLADE STAFF AND WIRE SERVICES

NEW YORK — H&R Block Inc. is formally dropping its bid to buy the maker of TaxACT software, after a federal judge thwarted the deal over anti-trust concerns.

The nation’s largest tax preparer said in a regulatory filing Tuesday that it agreed to end its $287.5 million bid for 2SS Holdings Inc.

Kansas City, Mo.-based H&R Block said in October, 2010, that it planned to buy the company, which makes software that is used to file about 5 million returns a year. The move was widely considered as a way to boost Block’s digital business.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.