Friday, Apr 20, 2018
One of America's Great Newspapers ~ Toledo, Ohio


H&R Block drops bid to buy software firm

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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…