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Capital One Is Buying Discover Financial

Posted on AllSides February 19th, 2024
From The Center

Capital One plans to buy Discover Financial Services in a deal that would marry two of the largest credit-card companies in the U.S. 

The all-stock deal could be announced Tuesday, according to people familiar with the matter. Discover has a market value of about $28 billion, and the takeover would be expected to value it at a premium to that. 

Buying Discover would give Capital One, a credit-card lender with a market value of a little over $52 billion, a network that would vastly increase its power in the payments ecosystem. 

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