Capital One Finalizes $35 Billion Discover Purchase
Fifteen months after it was announced, Capital One’s $35 billion acquisition of Discover is official.The deal, finalized Sunday (May 18), creates the largest credit card issuer in terms of loan volume in the U.S.“This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses and merchants,” Capital One Founder/CEO Richard D. Fairbank said in a news release, thanking Discover’s board, executives and interim ...