Acquiring Company
Capital One Financial Corporation
Acquired Company
Discover
McleanRiverwoodsFinancial ServicesEducationFinanceFintechLendingBankingNon ProfitE LearningEdtechLanguage LearningOtherFinancial ServicesFinanceFintechLendingBankingDescription
Capital One Financial Corporation has announced the acquisition of Discover Financial Services in an all-stock transaction valued at $35.3 billion, bringing together two companies with long-standing track records of delivering attractive and resilient financial results, award-winning customer experiences, and breakthrough innovation. The transaction is expected to close in late 2024 or early 2025, subject to satisfaction of customary closing conditions, including regulatory approvals and approval by the shareholders of each company.
Quick answer
Capital One Financial Corporation is acquiring Discover, announced February 19, 2024. Capital One Financial Corporation is based in Mclean, Virginia, United States.
- How much did Capital One Financial Corporation pay for Discover?
- The deal value was not disclosed.
- What does Capital One Financial Corporation do?
- Capital One Financial Corporation (NYSE: COF) is a leading financial services company with a focus on banking, credit cards, and auto loans.
- Where are Capital One Financial Corporation and Discover based?
- Capital One Financial Corporation is based in Mclean, Virginia, United States. Discover is based in Riverwoods, Illinois, United States.
- Who are the decision-makers at Capital One Financial Corporation?
- Fundz holds 5 contacts at Capital One Financial Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- National Bankshares, Inc. Announces Agreement to Acquire Frontier Community Bank (January 24, 2024)
- OneMain Holdings, Inc. completes acquisition of Foursight Capital LLC to expand into auto lending business (April 1, 2024)
- UWorld completes acquisition of Aspen Publishing to enhance legal learning resources (March 6, 2024)
Who to call at Capital One Financial Corporation, and when
When Capital One Financial Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Capital One Financial Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Capital One Financial Corporation, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Discover?
Discover was acquired by Capital One Financial Corporation, based in Mclean. The deal was reported on February 19, 2024. Capital One Financial Corporation (NYSE: COF) is a leading financial services company with a focus on banking, credit cards, and auto loans. Capital One Financial Corporation is publicly traded (COF) and operates in Financial Services.
When did Capital One Financial Corporation acquire Discover?
Capital One Financial Corporation's acquisition of Discover was reported on February 19, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Discover do?
Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. It is privately held, operating in Other, and is based in Riverwoods.
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