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Capital One completes $35 billion purchase of Discover
Capital One finalized its $35.3 billion purchase of Discover on Sunday, completing a credit card mega-merger announced more than a year ago. Nothing will immediately change for Discover customers, according to a press release issued Sunday by Capital One.
Capital One Has Officially Purchased Discover. What the $35 Billion Acquisition Means for Your Credit Cards
“This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses, and merchants,” said Richard D. Fairbank, Founder and CEO of Capital One, in a statement provided to CNET.
Capital One acquired Discover in an all-stock transaction valued at $35.5 billion.
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