Blucora will acquire HK Financial Services at new price

Blucora, an Internet-related service provider, is set to acquire HK Financial Services at an amended price of $100M, $60M less than the previously agreed-upon acquisition price.



“We look forward to joining with HK Financial Services to provide more CPA firms, advisors and end-clients with additional capabilities and choice, while providing our Avantax advisors new opportunities for growth, broader solution sets, efficiency and profitability.”
John Cledening, CEO of Blucora

The amended agreement extends the time period that both companies have to finalize the deal to October 1, a provision most likely included due to COVID-19.