Capital One is acquiring Discover in an all-stock deal that represents a premium of 26.6% over Discover's closing price of $110.49 on Feb. 16. At this price, the transaction is valued at $35.3 ...

If you're a Capital One cardholder, experts don't expect major changes right away, but if the merger goes through, your card will likely be shifted to the Discover payment network eventually. How ...

Acquisition Details If the all-stock acquisition deal is completed, Discover shareholders will receive 1.0192 shares of Capital One stock for each share of Discover stock they own.

Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market.

With a market valuation of almost $28 billion, Discover is considerably smaller than the other three major credit card networks in the US — Visa (V), Mastercard (MA) and American Express (AXP).

For Discover customers, it means gaining access to physical bank locations. Currently, Discover has one brick-and-mortar location while Capital One has 259 branches and 55 Capital One Cafes.

Capital One’s chief financial officer Andrew Young told investors in the Feb. 2024 call of the bank’s plan to migrate “credit and debit spend to the Discover network.” ...

As a payment network, Discover has always been behind Visa, Mastercard and American Express, Steele said. Currently, Discover has 44 million global merchants, much fewer than the other three networks.

Dollar volume for Discover’s Pulse debit network for the quarter increased 18% from a year ago, while Diners Club volume decreased 5% year-over-year due to lower volumes in India. Network Partners ...

However, Capital One plans to expand Discover's payment network, which could increase its footprint overseas in the future. "We continue to believe that Visa and Mastercard play a very important ...