US EditionCapital One Completes Acquisition of Discover
- Capital One completed its $35.3 billion acquisition of Discover Financial Services on Sunday, May 18, 2025.
- In February 2024, Capital One revealed plans to acquire Discover, with the transaction receiving approval from shareholders and federal regulators by April 2025.
- The merger combines two major credit card issuers, maintaining existing cards and channels while expanding Capital One’s board from 12 to 15 members.
- Capital One CEO Richard Fairbank stated that the agreement unites two forward-thinking companies committed to their missions, positioning them to offer enhanced products and experiences to millions of customers.
- The acquisition aims to build a competitive payments network offering greater innovation and customer benefits without immediate changes for Discover cardholders.
23 Articles
23 Articles
2 of the world's largest credit card companies just merged
Capital One Financial Corporation completed its acquisition of Discover Financial Services.Drew Angerer/Getty ImagesCapital One Financial Corporation completed its acquisition of Discover Financial Services.The deal, first announced in February, is valued at $35.5 billion.The acquisition combines two of the world's largest credit card issuers.Capital One Financial Corporation has completed its acquisition of Discover Financial Services.Richard D…
Capital One Finishes Discover Acquisition After 15-Month Journey
Almost 15 months after its announcement, Capital One Financial Corp.’s takeover of Discover Financial Services was officially completed on Sunday, creating the largest credit-card issuer by loan volume in the US.
Hastings Tribune
Mid Florida NewspapersCapital One Completes Acquisition of Discover
MCLEAN, Va.--(BUSINESS WIRE)--May 18, 2025-
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