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(The Hill) -- Capitol One will acquire Discover Financial Services in a $35.3 billion all-stock transaction that is expected to boost the bank's standing in the credit card market, the bank announced Monday. Discover shareholders will receive just over 1 (1.0192) Capitol One shares for each Discover
Image courtesy Capitol One NEW YORK (AP) — Capital One Financial said
The deal marries two of the largest credit card companies that aren't banks first, like JPMorgan Chase and Citigroup.
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NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. Under the terms of the all-stock transaction, […]