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Investing.com -- Quicken Inc., a pioneer in personal finance software, is exploring a potential sale that could value the company at more than $1.5 billion, according to Bloomberg, citing people with knowledge of the matter.
Private equity firm Aquiline Capital Partners (WA:CPAP), the current owner of Quicken, has engaged Goldman Sachs Group Inc. (NYSE:GS) to help find potential buyers for the business, said the sources, who requested anonymity because the information is not public.
The sources indicated that no final decision has been made regarding the sale, and Aquiline might ultimately choose to retain ownership of Quicken.
Quicken, which was previously owned by Intuit Inc. (NASDAQ:INTU), provides personal and business finance applications that assist users with various financial tasks including bookkeeping, bill tracking, retirement planning, and tax preparation.
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