Capital One to Acquire Discover Financial Services for $35 Billion: Shaking Up the Credit Card Industry.

Capital One announces a $35 billion all-stock acquisition of Discover Financial Services, uniting two major credit card companies. The deal aims to challenge the dominance of Visa and Mastercard, offering potential benefits to consumers and shareholders alike. With complementary capabilities, Capital One aims to leverage Discover's payment network while targeting customers who maintain credit card balances. Regulatory scrutiny looms over the deal amidst concerns about anti-trust implications and consumer impact.