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International Business Times
International Business Times
Business
AFP News

UNBELIEVABLE: Capital one to buy discover for 35 3 bn - Caught on Camera

Discover Capital One America United States
According to Capital One the deal to acquire Discover is expected to close in late 2024 or early 2025 (Credit: AFP)

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

Under the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, a premium of 26.6 percent over Discover's closing price on Friday.

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