Feb 20 (Reuters) - U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services in an all-stock transaction valued at $35.3 billion to create a global payments giant. The deal, by value, is the biggest ever to be inked in the credit card sector globally, according to data from Dealogic. Here is a rundown of the biggest credit card industry deals across the world: Acquirer Target Deal value Period Capital One Discover $35.3 bln 2024 Financial Bank of America MBNA Corp $35.19 bln 2005 (100%) Existing Synchrony $21.63 bln 2015 Shareholders Financial (84.6%) Existing Discover $21.25 bln 2007 Shareholders Financial Services (100%) Shinhan Financial LG Card Co Ltd $7.2 bln 2006 Group (78.58%) Itau Unibanco Redecard SA $6.82 bln 2012 Holding SA (49.99%) Shinsei Bank Ltd Aplus Co Ltd $5.41 bln 2004 (67.74%) First Data Corp Banc of $3.8 bln 2009 America Merchant Services LLC (46.5%) Citigroup Federated $3.6 bln 2005 Department Stores Inc (Credit Card Portfolio, 100%) Citigroup Sears Roebuck $3.2 bln 2003 & Co (credit card business, 100%) Capital One HSBC Holdings $2.5 bln 2011 Financial (US credit card business, 100%) * Source: Dealogic * Deal value including debt (Compiled by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
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Stocks mentioned in the article
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47,000 KRW | -0.32% | 0.00% | 17.37B | ||
137.1 USD | -0.37% | -0.36% | 52.59B | ||
122.8 USD | +0.12% | -0.33% | 30.74B | ||
61.92 USD | -0.63% | -2.61% | 119B | ||
39.88 USD | -0.28% | +0.45% | 313B | ||
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+14.43% | 502M | |
+11.56% | 323M | |
+36.79% | 291M | |
-.--% | 175M |
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