Capital One is acquiring Discover Financial Services, the report says

Capital One is acquiring Discover Financial Services, the report says

soba pictures | Rocket Lite | Getty Images

Capital One Financial is set to acquire Discover Financial Services, according to a report by The Wall Street Journal. The newspaper said, citing sources, that the deal may be announced on Tuesday.

A merger of the two companies, which are among the largest credit card issuers in the United States, would expand Capital One's credit card offerings. This news comes on the back of a Bloomberg News report on Monday Capital One He was considering a takeover.

See also  Amazon shares drop in earnings report

Leave a Reply

Your email address will not be published. Required fields are marked *