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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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168 Articles
168 Articles
Capital One acquires Discover: Here’s what consumers need to know
STATEN ISLAND, N.Y. -- Capital One announced Monday that it would acquire Discover Financial Services in a $35 billion all-stock transaction, a move that would merge two of the country’s largest credit card companies.
·Richmond County, United States
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Coverage Details
Total News Sources168
Leaning Left41Leaning Right24Center84Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 28%
C 56%
R 16%
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