Capital One To Acquire Discover Financial For $35.3 Billion

Key TakeawaysCapital One announced an agreement to acquire Discover Financial for $35.3 billion in an all-stock deal that would create a payments giant serving over 100 million customers.The purchase price represents a 26.6% premium to Discover's closing share price on Friday.At the close of the transaction, Capital One shareholders will own about 60% of the combined company.Capital One said the acquisition will enable the combined company to build a payments network that competes with the largest payments ...