Did Microsoft Try To Buy Mint.com?
Mint.com's investors won't say, and Microsoft isn't talking either. But in light of Bloomberg's story today that Microsoft is forming a joint venture with Citibank to compete against Intuit and Mint.com, I wonder if Microsoft did. Last June, Microsoft discontinued Microsoft Money, its 18-year-old personal finance software. At the time, the move was portrayed by the media as cost cutting given Microsoft's depressed financials, and by Microsoft as its need to satisfy customers' desires to buy and use software online at MSN Money.com. But there was more to it than that, as there usually is with Microsoft. Intuit is one of the very few software companies that has consistently been able to beat Microsoft in sales.
26 September 2009•2 mins read
