Block Buys TaxAct Software

Thursday, 14 October 2010
News

TaxAct logoNEW YORK - In what looks like a lack of confidence in the management of its own consumer tax product, H&R Block said it would buy Second Story Holdings, which owns the TaxAct software, for $287.5 million in cash. Block will continue to market its At Home line, formerly known as Tax Cut, along with TaxAct, but the acquired unit's management will run the business.

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