© Reuters. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri//File Photo
(Reuters) – U.S. consumer bank Capital One plans to acquire U.S. credit card issuer Discover Financial Services (NYSE:) 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 (NYSE:) $2.5 bln 2011
Financial (US credit
card business,
100%)
* Source: Dealogic
* Deal value including debt
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