Capital One will acquire
This deal will majorly impact the payments industry as it would give the Discover payment network access to a major credit card. This could in turn compete with
"Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies,"
Some have raised concerns that regulators will target this combined company.
"The
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