Warren Buffett-backed Capital One plans to acquire Discover Financial Services for $35.3 billion in an all-stock deal, aiming to create a global payments giant. The merger, subject to antitrust scrutiny, would form the sixth-largest U.S. bank and a major competitor to JPMorgan Chase and Citigroup in the United States credit card market.
NTD Business (Feb. 20): Capital One to Buy Discover Financial; China’s Foreign Direct Investment Hits 30-Year Low
By Don Ma