Find out how Capital One's acquisition of Discover for $35 billion is set to revolutionize the credit card industry!
Capital One, the Warren Buffett-backed U.S. consumer bank, has made waves with its recent announcement of acquiring Discover Financial Services in a massive $35.3 billion all-stock deal. This strategic move will combine the forces of two of the largest credit card companies in the United States, marking a significant shift in the financial landscape.
The acquisition allows Capital One to enhance its technology and expand its payment networks, as highlighted by CEO Richard Fairbank. This merger is not just a business deal; it's a game-changer that positions the combined entity as a major player in the credit card market.
If approved, the acquisition could lead to the creation of the biggest credit card issuer in the U.S., with a network spanning 70 million places. This development signals a new era in consumer lending, with Capital One and Discover poised to reshape the industry with their joint capabilities and resources.
With Capital One's acquisition of Discover Financial Services, the credit card landscape is set for a transformation. The $35 billion deal sets the stage for groundbreaking innovations and market dominance, promising new opportunities for consumers and investors alike.
Warren Buffett-backed U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued ...
The all-stock deal, which is valued at $35.3 billion, will combine two of the largest credit card companies in the United States.
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and ...
The acquisition allows both companies to improve their technology and expand their payment networks, Capital One CEO Richard Fairbank said. Discover is accepted ...
for more than $35 billion, a deal that will marry two of the largest credit-card companies in the U.S.. Under the terms of the all-stock deal, Discover ...
If the acquisition is approved, the combined company could become the biggest credit card issuer in the United States.
Capital One, the credit card giant that employs 13000 people in metro Richmond, said the transaction will create a firm with a network of 70 million places ...
The merger of the two companies, which are among the largest credit card issuers in the U.S., would expand Capital One's credit card offerings and its ...
Capital One's $35 billion purchase of Discover would create a credit card and payments giant but is expected to draw heavy scrutiny from regulators and ...
Capital One announced an agreement late Monday to acquire Discover Financial Services in an all-stock transaction that would create a payments giant serving ...
Capital One is acquiring Discover in a deal valued around $35 billion, the companies announced Monday.
Capital One Financial's $35.3 billion deal for credit card issuer Discover Financial could take a big slice out of the payments processing market dominated ...
Regulators have been tough on big financial mergers, though there are nuances in Capital One's $35.3 billion takeover bid for Discover.
Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.
Before two of the largest credit card companies in the United States can complete a $35 billion deal, they'll face an uphill battle with regulators.
Other major credit card issuers, like JPMorgan Chase and Bank of America, do not process payments on their own. Combining with Discover would make Capital One ...
Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet.
The move may hold long-term implications for credit card holders, regardless of whether they bank with Capital One or shop with Discover, experts told ABC News.
A proposed Capital One-Discover merger drew swift backlash from some Democratic lawmakers and consumer advocacy groups who say the deal could reduce ...
A proposed merger between Capital One and Discover raises antitrust concerns and questions about how it will affect customers. Here's what we know.
A mega-merger between lenders Capital One and Discover has big implications for what kinds of credit cards are available and what interest you'll pay to use ...
WASHINGTON, D.C. โ Today, U.S. Senator Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement ...
Capital One announced Monday evening its plans to acquire Discover Financial Services in a stock-only transaction valued at $35.3 billion.