Intuit is nearing a deal to buy Credit Karma for about $7B in cash and stock, Wall Street Journal's Cara Lombardo and Dana Cimilluca report, citing people familiar with the matter.

The maker of TurboTax could announce a deal to buy privately held Credit Karma by Monday, assuming talks don't fall apart, the people said. Credit Karma was valued at roughly $4B in a private share sale about two years ago, the authors note.