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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Leaning Left34Leaning Right23Center71Last Updated5 months agoBias Distribution55% Center