Capital One in Talks to Acquire Discover Financial

1 min read
Source: CNBC
Capital One in Talks to Acquire Discover Financial
Photo: CNBC
TL;DR Summary

Capital One Financial is reportedly set to acquire Discover Financial Services, a move that would expand Capital One's credit-card offerings and mark one of the largest deals announced this year. The merger of the two major U.S. credit card issuers is expected to be announced soon, following reports of Capital One's consideration of an acquisition. This potential deal follows Capital One's previous acquisitions, including the purchase of digital concierge service Velocity Black in 2023.

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