By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Happen Recently
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
Reading: Capital One is set to purchase Discover Financial Services in a deal worth $35.3 billion.
Share
Aa
Aa
Happen Recently
  • Business
  • MSME
  • Startup
  • India
  • International
  • Get App
  • Magzine
  • Home
  • Business
  • Startup
  • MSME
  • India
    • Politics
    • Sports
    • Entertainment
    • History
  • International
  • Magzine
BusinessIndia

Capital One is set to purchase Discover Financial Services in a deal worth $35.3 billion.

Team Happen Recently
Last updated: 2024/02/21 at 10:23 AM
Team Happen Recently
Share
1 Min Read
SHARE

Capital One, backed by Warren Buffett, announced its intention to acquire Discover Financial Services in a deal worth $35.3 billion.

This merger, which would bring together two major US credit card companies, aims to establish a strong payments network to compete with other industry giants like Visa and Mastercard. 

Under the terms of the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, offering a premium over Discover’s recent stock price.

 Capital One will hold a 60 percent stake in the merged company, while Discover shareholders will retain approximately 40 percent. 

The acquisition is expected to undergo regulatory scrutiny and may face opposition from Democratic progressives concerned about consolidation in the banking industry. 

The deal is anticipated to be approved by late 2024 or early 2025, with potential challenges due to increased focus on competition in banking sectors by the current administration.

For more information visit at https://happenrecently.com/zepto/?amp=1

You Might Also Like

Myntra: Revolutionizing Fashion E-Commerce in India

Lenskart: Revolutionizing Eyewear in India

Furnliv Redefines Indian Furniture Retail: Merging Global Design with Homegrown Manufacturing Excellence

Infosys CEO Salil Parekh’s Salary Rises to ₹80.6 Crore: What This Means for India’s Tech Sector

Gavi Infra Secures Key Wins in Smart City, Solar, and Power Infrastructure Projects Across India

TAGGED: Business, Economy, happenrecently, India

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Copy Link Print
Previous Article Sensex and Nifty experience slight gains in the beginning of the trading session
Next Article Galena Physiotherapy Galena Physiotherapy & Sports Performance Centre: Your Gateway to Elite Care Across Sports Disciplines
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Happen Recently
Follow US

© 2023 Happen Recently. All Rights Reserved.

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?