"Capital One's $35.3 Billion Acquisition of Discover Financial Services"
TL;DR
Capital One plans to acquire Discover Financial Services in a $35.3 billion all-stock deal, creating a global payments giant and forming the sixth-largest U.S. bank by assets. The acquisition is expected to face intense antitrust scrutiny and would result in Capital One shareholders owning 60% of the combined company. The deal comes at a time of increased regulatory focus on credit card fees and bank mergers, with potential implications for competition in the credit card market.
Topics:business#acquisition#antitrust-scrutiny#business#capital-one#credit-card-market#discover-financial-services
- Capital One to buy Discover Financial in $35.3 bln all-stock deal Reuters
- Capital One is buying Discover in a $35.3 billion deal CNN
- Why Capital One plans to buy Discover in a megamerger of credit giants MarketWatch
- Capital One to Acquire Discover, Creating a Consumer Lending Colossus The New York Times
- Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal CNBC
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