Capital One Financial (COF) has announced a $35 billion all-stock deal to acquire Discover Financial Services (DFS) while keeping the Discover brand. There have been calls for US regulators to step in, most notably by Senator Elizabeth Warren (D-MA).Yahoo Finance Reporters David Hollerith and Alexis Keenan join the Live show to break down how US regulators could get in the way of the Capital One-Discover merger.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
How disappointing. Discover is a great customer based company. Capital One not so much. Also all these mergers are anti competitive and not good for consumers
They’re both cash strong politics wouldn’t effect their financial, the only thing matters is legal and in spirit of legal. Business competition? Airlines was a great example, all airline sucks losing money shifting to loyalty program that no longer relies on flight ticket as main source of income, then you have these extremely uncomfortable small airlines, people in America only talks about vague stuff like competition or constitution but never bothered to get to the bottom of the problem, too much television or social media not enough intelligent stuff, again, people don’t even read. What caused it? Everybody.
consumers are not happy … Employees are not happy .. then it’s should be stopped
Mastercard would take a hit since they process for Capital One
Regulators want stop this merger when there is a Duopoly with Visa and Mastercard. Where were they when airlines merged so they can hike airfares and charge for luggage.
So the best credit card I have, wants to merge with the worst credit card I have. Great…this sucks!
Definitely should be blocked
we can take them