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Published 2 months ago

Capital One is buying Discover in a $35.3 billion deal

  • Capital One is acquiring Discover Financial Services for $35.3 billion, providing a boost in the credit card market.
  • Discover's smaller size in comparison to major credit card networks Visa, Mastercard, and American Express makes this acquisition significant.
  • The deal would enable Capital One to compete with other credit card-issuing banks and grant access to Discover's payment processing network.
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