Capital One Financial to Acquire Discover Financial Services in $35.3B All-Stock Deal
February 19, 2024
Capital One Financial Corporation announced it has entered into a definitive agreement to acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion. Under the terms, Discover shareholders will receive 1.0192 shares of Capital One for each Discover share, representing a 26.6% premium. The transaction was later completed in 2025 after required regulatory approvals and shareholder votes.
- Targets
- Discover Financial Services
- Industry
- Payments & Fintech
- Location
- Virginia, United States
- Transaction Type
- Buyout
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