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Capital One and Discover complete merger, paving the way for a stronger partnership
Contract Type
partnership
DelawareFinancial ServicesFinanceLendingDescription
Capital One Financial Corp. has received approval to acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion. The merger represents a partnership aimed at delivering attractive financial results, customer experiences, innovation, and financial inclusion, with a five-year $265 billion community benefits plan in connection with the deal. The acquisition is expected to bring scale and investment to Discover, positioning it as a more credible alternative.