Intuit Inc. (INTU) said Friday that it has entered into a 23-year partnership with the National Basketball Association's LA Clippers, giving the tax preparation software company exclusive naming rights to the Clippers' future home arena, the Intuit Dome. Financial terms of the partnership were not disclosed. The company and the LA Clippers will break ground on the Intuit Dome Friday morning, with the arena scheduled to be open for the 2024-2025 NBA season. Intuit's stock, which was indicated to slip about 0.5% in premarket trading, has run up 20.7% over the past three months, while the S&P 500 has gained 6.0%.
(END) Dow Jones Newswires
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