Intuit Inc. (INTU) Friday closed the sale of Intuit Real Estate Solutions to Vista Equity Partners, a private equity firm focused on investments in software and technology-enabled businesses. The transaction, announced December 2, 2009, is valued at approximately $128 million. With the close of the transaction, Intuit will treat IRES as a discontinued operation. As a result of the sale, Intuit expects to record an increase of approximately 10 to 12 cents in GAAP earnings per share in its fiscal second quarter that ends January 31.
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