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Capital One Said to Be in Talks to Acquire Discover

·1 min

The lender Capital One is reportedly in talks to acquire Discover Financial Services, in a deal that would merge two of the largest credit card companies in the United States. While the deal has not been finalized, an announcement could be made as early as this week. The potential acquisition would give Capital One access to a new credit card network with millions of cardholders. Discover, which has a smaller customer base compared to competitors like Visa and Mastercard, has been going through a period of turbulence recently.