Capital One has announced it’s buying Illinois-based Discover to create the largest credit card company by loan volume in the United States. Discover is based in Lake County. The all-stock acquisition is valued at more than 35-billion dollars. Discover shareholders will receive a little more than one Capital One share for each Discover share. The deal is expected to close by the end of the year. Capital One reportedly plans to keep the Discover brand.
Illinois-Based Discover is Purchased by Capital One
Feb 20, 2024 | 6:02 AM