Capital I said on Sunday that he had finished completing his acquisition of financial services that are worth more than $ 35 billion, and it is one of the largest credit card and payments that are based in the United States.
Under the conditions of the deal, announced in February 2024, shareholders of 1,0192 capital were discovered for each discovery shares, which represents a 26.6 % premium.
“This deal combines two innovative companies paid with a task that is preparing together to provide penetration products and experiences,” said Richard Verbank, CEO of Capital One.
“We are in a good position to continue our endeavor to change banking services for good for millions of customers.”
The integration network of Discover – acceptable to 70 million traders in more than 200 countries – adds to current capital capabilities. The company combined serves more than 100 million customers.
Three of the former discovery managers, including temporary CEO Michael Shabred, joined the Capital Board of Directors.
Currently, the company said that customer accounts and services will remain unchanged, as both brands continue to work separately.
Capital One intends to keep the cards that carry a brand along with its current offers and keep Discover payment networks, including Pulse and Diners Club International.