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WEKU
Health
Ayana Archie

Capital One is acquiring Discover in a deal worth $35 billion

The logo for Capital One Financial is displayed above a trading post on the floor of the New York Stock Exchange, July 30, 2019. Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers, according to a news release issued by the companies Monday, Feb. 19, 2024. (Richard Drew/AP)

Capital One is buying Discover Financial in a deal worth $35.3 billion, the financial institution said Monday.

Capital One shareholders will own 60% of the newly merged company, while Discover shareholders will own 40% of the company.

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